Press Release: Manufacturers and Scholars Urge Congress to End Corporate Tax Discrimination Against US Companies

ArchiveBy Michael StumoNovember 29, 2017

A Smarter Territorial Corporate Income Tax Bridges the Left/Right Divide   Washington ~ The Coalition for a Prosperous America (CPA) joined today with several prominent progressive scholars, sent a letter (below and linked here) to Congress urging adoption of a smart, territorial corporate income tax called sales factor apportionment (SFA). While territorial taxes are typically associated…

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China’s Communist Party makes big inroads into foreign-funded firms

ArchiveBy Michael StumoNovember 29, 2017

About 70 per cent of foreign-funded firms in China have set up Communist Party branches, an official said on Thursday, as the party extends and strengthens its presence and control over all sectors of society. [Nectar Gan and Frank Tang | October 23, 2017 | South China Morning Post] As of the end of last year, 106,000…

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STRANGE BEDFELLOWS: DEMOCRATS AND TRUMP BLOW UP 20-YEAR UNITY ON TRADE

ArchiveBy Michael StumoNovember 28, 2017

In fight to overturn Nafta, White House makes common cause with Ohio Sen. Sherrod Brown, a longtime free-trade skeptic. [Bob Davis and Siobhan Hughes | November 28, 2017 | WSJ] WASHINGTON—A lone senator jumped to the Trump administration’s defense last month when the U.S. Chamber of Commerce attacked its proposal to rewrite the North American Free Trade…

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News Analysis: Next Round of NAFTA Talks May Bring Renegotiation to an Inflection Point if Canada and Mexico Refuse to Engage on U.S. Proposals

ArchiveBy Michael StumoNovember 22, 2017

From Lori Wallach, Director, Public Citizen’s Global Trade Watch   Renegotiation of the North American Free Trade Agreement (NAFTA) faces a critical juncture as the fifth round of talks officially starts Friday in Mexico City. Appears originally on Common Dreams At issue is whether Canada and Mexico will engage on a series of proposals to significantly reshape…

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Lighthizer bemoans a lack of progress on NAFTA, urges Canada and Mexico to engage in ‘rebalancing’

ArchiveBy Michael StumoNovember 22, 2017

MEXICO CITY — U.S. Trade Representative Robert Lighthizer on Tuesday decried a lack of progress in the North American Free Trade Agreement negotiations, saying he hopes Canada and Mexico will begin to “seriously engage” in key areas so the talks can meaningfully advance before year’s end. [Brett Fortnam | November 21, 2017 | Inside US…

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ITC recommends steep tariffs on large residential washer imports

ArchiveBy Michael StumoNovember 22, 2017

The U.S. International Trade Commission today proposed up to 50 percent tariff-rate quotas on imports of large residential washers and associated parts, agreeing across the board on remedy types and lengths in recommendations for President Trump to consider in a Section 201 investigation. [Isabelle Hoagland | November 21, 2017 | Inside US Trade] The probe…

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Strong Post-Brexit Outlook For UK Economy

ArchiveBy Michael StumoNovember 19, 2017

By Jeff Ferry, CPA Research Director  Last month, UK automotive components manufacturer Brose installed a new £10 million ($13M) paint line at its factory in Coventry, England.  Brose hired an additional 30 workers to staff the paint process, bringing its UK workforce to nearly 1,000. Juergen Zahl, president of the UK branch of German-headquartered Brose…

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Stumo: No Trade Deals in Trump’s Asia Trip? Excellent Decision

ArchiveBy Michael StumoNovember 16, 2017

The chattering class expressed worry and apprehension about the administration’s trade policy once again last week. Originally appears in Breitbart Why, they asked, is Trump not negotiating trade deals with China during his recent trip through Asia? The answer is that any negotiations would have been a fruitless waste of time and a distraction. Instead, the…

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Steve Bannon: If America Doesn’t Thwart These Five Things, China Will Be a Hegemonic Power

ArchiveBy Michael StumoNovember 16, 2017

Breitbart News Executive Chairman and former White House Chief Strategist Steve Bannon warned Monday that America’s attention needs to be focused on China, or it will be left behind in the communist country’s wake. [Adam Shaw | November 15, 2017 | Breitbart] “Since the fall of the Berlin Wall, since our great victory over communist…

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Report: Americans Without College Degrees Worse Off than 40 Years Ago

ArchiveBy Michael StumoNovember 14, 2017

Americans without a college degree are worse off than they were 40 years ago, according to a report published by Bank of America Merrill Lynch. [Tom Ciccotta | November 13, 2017 | Breitbart] Although real wages for those with a college degree have risen, they have remained static for those with only a high school…

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