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Position statement:
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.
Strategy Summary
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.[/vc_column_text][/vc_column][/vc_row][vc_row bg_type=”bg_color” bg_override=”full” bg_color_value=”#eaeaea”][vc_column][vc_empty_space][vc_column_text]
Our issue experts are available for media interviews. Please Contact Nick Iacovella, CPA Communications Director to learn more.
P: 202-688-5145 ext 0 | E: nick@prosperousamerica.org
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