By Jeff Ferry, CPA Chief Economist Joe Biden is getting lots of advice from many quarters for his new administration. But last week he got some from an unexpected quarter: Bob Swan, CEO of Intel, published an open letter urging Biden to pursue a national manufacturing strategy for the US semiconductor industry. “Rising costs and…
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With imports down, America’s steelmakers have started investing at home. Americans may not be aware of it, but the United States has been experiencing a steel boom of late. Last month, U.S. Steel Corporation produced the first ton of steel at a brand-new facility in Fairfield, Alabama. Their new plant uses the latest and cleanest…
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Sends letter to U.S. Trade Representative in support of Section 301 Trade Case Sends letter to U.S. Trade Representative in support of Section 301 Trade Case Washington. The Coalition for a Prosperous America (CPA) has submitted comments to the Office of the U.S. Trade Representative (USTR) in support of an investigation into Vietnam’s deliberate currency undervaluation.…
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By Kenneth Rapoza, CPA Industry Analyst Score one for the local pharmaceutical industry. FDA’s essential medicine and critical inputs list gives domestic producers a a sense of exactly what government procurement contracts will place under Buy America provisions. The Food & Drug Administration released a massive list of essential medicines and critical inputs on Friday…
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By Charles Benoit, CPA Trade Counsel By Charles Benoit, CPA Trade Counsel By the end of 2020, thousands of Chinese electric cars will have descended onto American streets. Everyone who buys one gets a $7,500 tax credit courtesy of Uncle Sam. But if you want to buy a current American-made electric car, like a Tesla…
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By Jeff Ferry, CPA Chief Economist Last year, the US raised the share of domestic demand for manufactured goods met by US production for the first time in six years. The CPA Reshoring Index shows a positive score of 59 basis points (bp) for 2019. It’s only the fourth positive figure since the data begins,…
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By Kenneth Rapoza, CPA Industry Analyst Why are we dependent on China’s pig population for a critical animal source material used in making heparin? Bovine heparin is the way to ween ourselves from that part of the medical supply chain, currently over-reliant on China. It is found in hospital crash carts, is one of the…
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CPA’s Take :China is planning to spend over $1 trillion on catching up to the US in technology, especially chipmaking. The US must make spending and investing in a US-based chip industry a high priority, starting now. CPA’s Take: China is planning to spend over $1 trillion on catching up to the US in technology,…
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In this article, published in Tax Notes Federal on Sept 21, 2020, CPA Chief Economist Jeff Ferry and CPA Board Member Bill Parks analyze the federal corporate tax paid by the S&P 500 companies in 2019 and find they paid on average less than 9% in cash federal tax last year. The authors compare it…
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By Kenneth Rapoza, CPA Industry Analyst Is the sugar substitute stevia being harvested and produced through forced labor in China? Homeland thinks so. And Customs & Border Protection agrees. The US Department of Homeland Security said on Tuesday that some of the sugar substitute stevia that comes from China is being harvested and packed by forced…
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