DMSI Falls to Lowest Level in Q1 2022 As U.S. Manufacturing Loses Share to Imports
The CPA Domestic Market Share Index (DMSI) fell to 64.9 in Q1 2022, down from 66.4 in the previous quarter, indicating that importers increased their
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How the Inflation Reduction Act Helps Fix Tax Discrimination Against Domestic Manufacturing
CPA tax policy director, David Morse, explains why mostly-domestic companies with over a billion in profits might get a more even playing field with rivals who use profit shifting, offshoring, to pay less taxes.
Mighty Dollar – Mighty Wrong
In his recent WSJ column “Strong Dollar Wins the Inflation Battle in New Spin on Currency Wars,” James Mackintosh suggests that the dollar’s sharp appreciation
Recession is Two to Three Quarters Away
The economy is moving from growth to contraction, as Thursday’s 0.9% decline in GDP tells us. The debate over whether we are in a recession
CPA Applauds Provisions in Reconciliation Bill to Boost U.S. Domestic Solar Manufacturing
WASHINGTON — The Coalition for a Prosperous America (CPA) today released a statement applauding a provision in the Inflation Reduction Act that would provide tax
Canada Supports Democrats’ Call for Effective Tariff Protection of North American Automobile Industry
In a surprise development last night, Senate Majority Leader Chuck Schumer (D, N.Y.) and Senator Joe Manchin (D, W.Va.), with support from President Biden, announced
U.S. Solar Sector Gets Huge Relief in Inflation Reduction Act of 2022
Solar tax credits will make up for some of the damage done to the Section 201 solar safeguards. But Congress beware: the U.S. can’t out-subsidize China.
Tax Provision in Reconciliation Bill would Limit Multinational Profit Shifting to Tax Havens
Yesterday, Senator Majority Leader Chuck Schumer (D-NY) and Senator Joe Manchin (D-WV) announced that they reached a deal on a reconciliation package that would change
What the CHIPS Act Really Means for U.S. Semiconductor Manufacturers
CPA chief economist Jeff Ferry says the CHIPS Act is needed to counter China’s rise in the semiconductor space, and that the R&D component of the bill needs to include guardrails so American academia isn’t beta-testing and researching new chips in partnership with Chinese universities and companies.
CPA Demands Restoration of CHIPS Act Provision Preventing Taxpayer Funded Research from Benefitting China
WASHINGTON — The Coalition for a Prosperous America (CPA) today criticized the Senate for passing the $250 billion CHIPS Act after removing an anti-China security
