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.
CPA is proud to support Chairman Smith as he continues to champion policies that prioritize American workers and to rebuild our nation’s productive capacity.
Biden’s signature climate change-related spending policy, the Inflation Reduction Act, is said to be going under the knife once Trump takes office in January. But with Republican districts now full of solar, and solar manufacturing facilities, the real risk is changes to the so-called 45X tax credit.
Now that we have re-elected President Trump for a second term to work on achieving his goal of Making America Great Again, it’s time to focus on how to rebuild America’s manufacturing industry because we can’t be great again without a strong domestic manufacturing industry.
CPA looks forward to working with Senator Thune and lawmakers in Congress to advance policies that deliver on the Trump agenda to prioritize American workers, domestic manufacturing, and our nation’s economic security.
CPA will be working closely with President-Elect Trump’s team to craft policies that will make a lasting impact on U.S. trade and industrial policy.
A new solar company called Ebon Solar has secured a $10 million grant from the state of New Mexico, along with $1 million in financing and another $1 billion in a state-backed bond, to build an 834,000-square-foot solar cell manufacturing facility near Albuquerque.
