Pat Choate's recent book, "Saving Capitalism," includes a chapter documenting how foreign value added taxes are harming our trade balance. He includes substantial data in an appendix showing the tariff and subsidy impact of foreign VAT's on U.S. trade. The Washington law firm of Stewart & Stewart compiled the data for Mr. Choate's book.
This is the summary bar chart.
This rich data is now available for you below the fold, in spreadsheet form.
CPA Disappointed in U.S. Treasury’s Failure to Cite Currency Manipulation
The Coalition for a Prosperous America (CPA) expressed disappointment today that the U.S. Treasury failed to cite China as a currency manipulator. The October 15, 2009 report by Treasury stated that China’s currency is undervalued and that global economic balances persist as a result. But the report did not conclude deliberate manipulation existed.
CPA Supports U.S. Investigation into Chinese Steel Pipe Dumping
The Coalition for a Prosperous America (CPA) fully supports the recent decision, by the Department of Commerce, to begin an investigation into whether China is “dumping” and subsidizing steel pipes sold into the U.S. market.
CPA provides the service of rating legislation and tracking how Congress voted. Click the links below to see how your delegation voted in the 109th Congress and 110th Congress.
Act Now: Legislators Should Co-Sponsor Currency Reform Bill
We are collecting petition signatures from as many states as possible to deliver to each state's legislative delegation. Your name will be on the petition for your state, going to all your Representatives and Senators. Click here to sign the petition. Click here to learn more about currency misalignment and how it is worsening the trade deficit and harming our economy.
Over 300 associations, companies and prominent individuals have joined CPA in prescribing how to Fix America's Economy through trade reform. See the document and signatories here. If you want to sign on, send an email to ellen (at) prosperousamerica.org.