The Coalition for a Prosperous America fights for tax reform that supports rebalancing trade, rebuilding domestic supply chains, and penalizing the offshoring of production or profits.
Pro-American Tax Policies.
CPA advocates changing our current international corporate tax system to sales factor apportionment because domestic companies should not be undercut by foreign and multinational corporations who can shift profits overseas to gain a tax advantage.
CPA supports shifting towards a goods and services tax, offset by reducing domestic taxes on production. Value added taxes give companies in foreign countries an unearned trade advantage. A US goods and services tax would help domestic production and reduce the trade deficit.
CPA supports tax incentives to spur new productive investment and employment as part of a broader strategy to re-shore or build industrial supply chains in the US. These incentives should be combined with assuring a strong market for domestic production here and protection from foreign trade predation.
In a House Oversight subcommittee hearing on Feb. 26, the Inflation Reduction Act (IRA) was hit with the usual swipes from detractors, with some calling it the “green scam”, but China’s solar company benefits were never mentioned.
As of today, all merchandise originating in China must enter the United States through standard customs procedures, submit full import documentation, and pay applicable duties and taxes—a long-overdue reform to restore order and accountability to America’s trade system.
The tariff threats against America’s northern and southern neighbors were designed to exact concessions from these countries to help Trump address the flow of migrants and drugs across the border.
On day one of the new administration, rather than any new tariffs, President Trump issued a Presidential Memorandum titled America First Trade Policy.
President Donald Trump did a roughly one-hour video call with the World Economic Forum in Davos on Thursday, reminding those in attendance that he is serious about correcting trade imbalances.
The report highlights the critical state of the U.S. domestic solar manufacturing industry and lays out actionable policy recommendations to secure America’s abundant energy future through a diversified energy portfolio that includes a robust advanced solar manufacturing technology supply chain, while reducing dependence on Chinese imports.