China Targets World Leadership in Microchips

Jeff Ferry, Research Director, CPA The decision last month by microchip manufacturer GlobalFoundries to build a chipmaking plant in China reinforced fears in the U.S. technology industry over China’s ambitious plans to become a major player in the world semiconductor industry. While GlobalFoundries is a second-tier chipmaker and the technology destined for the China plant…

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Stabenow suggests Trump’s business ties keeping him from naming China a currency manipulator

Sen. Debbie Stabenow (D-MI) this week suggested President Trump has not named China a currency manipulator because Beijing has successfully curried favor with the White House by granting 38 trademark applications to the Trump Organization. [Daily News| March 9, 2017 |Inside US Trade] The Associated Press reported on March 8 that China has preliminarily approved the…

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A modest proposal for tax reform

Americans desperately need simpler, fairer personal and corporate taxes. [Peter Morici| March 6, 2017 |Washington Post] The current system imposes terribly high rates and a myriad of special-interest credits and deductions. It requires expensive record keeping that drives taxpayers mad and complex auditing functions at the Internal Revenue Service that have proven susceptible to political abuse —…

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