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How the TCJA’s Offshoring Incentives Can be Eliminated with Sales Factor Apportionment View the Flyer
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A Tamper Proof Territorial Plan for Corporate Tax Reform
Our corporate tax system should be reformed to benefit U.S. domestic companies. Instead, it continues to place our businesses at a competitive disadvantage in global markets. Large Multinational Enterprises (MNEs) continue to develop complex, powerful strategies for avoiding domestic taxes, domestic corporations struggle to compete. View the Flyer
Trump: U.S. preparing for tariffs on another $267 billion in Chinese goods
The Trump administration has prepared a plan for tariffs on another $267 billion in Chinese goods, the president said on Friday. [September 07, 2018 | Inside US Trade] The package would be in addition to the tariffs expected any day on $200 billion. The U.S. has already hit $50 billion worth with tariffs under Section 301…
Nucor Announces Plans to Expand Sheet Mill in Kentucky
Editors note: Nucor is a CPA member. CHARLOTTE, N.C., PRNewswire — Nucor Corporation’s Board of Directors approved an investment of $650 million to expand the production capability of Nucor Steel Gallatin, the company’s flat-rolled sheet steel mill located in Ghent, Kentucky. This investment will increase the production capability from 1,600,000 tons to approximately 3,000,000 tons annually and will increase the…
Nucor’s Charleston-area steel mill was doing fine without tariffs, better with them
Editors note: Dan DiMicco is CPA’s Chairman as well as former CEO of Nucor. Nucor is a CPA member who has experienced tremendous growth already due to the tariffs, along dozens of other CPA members. Berkeley County steelmaker Nucor Corp. was having a pretty good year before President Donald Trump imposed tariffs on imported aluminum and steel in March. [David Wren…
CPA Op-Ed: Study Says Trump Tariffs Create 20 New U.S. Jobs for Every One Lost
Late-night news comic John Oliver recently gave a 20-minute talk about President Donald Trump’s use of tariffs. As always, he was very funny, but he made a few mistakes in his analysis of trade. Op-ed by Jeff Ferry originally appeared in LifeZette on September 7, 2018 The Coalition for a Prosperous America (CPA) would like to help…
China — from vast market to enemy No. 1
One of the remarkable things about the Donald Trump era is how significantly the American conversation about China has changed. [ Hal Brands | September 7, 2018 | Japan Times ] As recently as 2016, Barack Obama argued that a weak China that could not contribute to solving global problems was more dangerous than a…
US Bilateral Deficit with China Hits All-Time High of $36.8B
July Trade Deficit Up 9.5% to $50.1B By Jeff Ferry, CPA Research Director Wednesday’s trade report from the US Commerce Department for July reported that the US bilateral deficit with China hit a new all-time high of $36.8 billion in July, 9.5% worse than the July 2017 figure. For the first seven months of this…
Trump says ‘we just can’t make that deal’ with China, warns of more tariffs
Editors note: China still does not admit that it engages in trade cheating and technology theft. Merely promising to buy more goods is like a thief saying he won’t stop stealing but he will become a customer at your store. President Trump on Wednesday said he could not accept the trade terms China is offering and said…
CPA Says John Oliver is Wrong On Trade: A New Light on Trade
Did you happen to catch John Oliver‘s trade piece on Last Week Tonight? It was funny but outrageously wrong in every single aspect. What’s worse is that his video has over 4.4 million views in which he is spreading his trade lies. CPA put a rebuttal video together with the truth on trade.