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Press Release: CPA Members Impacted Congress and the White House Last Week

March 20, 2017

Members of the Coalition for a Prosperous America (CPA) flooded the halls of Capitol Hill last week, meeting with over 100 congressional offices.  Our members urged support for policy that eliminates the trade deficit and demands smart tax reform while opposing dumb trade deals that have decimated our agriculture industry and have trampled on our sovereignty. 

Rep_Foster.JPG

(from left Kurt Sundberg, Rep. Bill Foster (D-IL-11), Zach Mottl)

"We are very supportive of the administration's requirements that any new trade deals do three things: increase economic growth, reduce the trade deficit, and grow our manufacturing and production base," said Michael Stumo, CEO of CPA.
 

IMG_5442.JPG.jpeg(from left: National Trade Council Director Peter Navarro, Michael Stumo)

One of our key issues was eliminating our massive trade deficit. We demonstrated how trade deficits kill jobs and growth. We urged Congress to establish a national goal to eliminate the trade deficit.

Sen_Crapo_3.JPG(from left: Bill Parks, Sen. Mike Crapo (R-ID), Pat Mulloy, Stan Sorscher)

Another key issue was border adjustable consumption taxes. After 40 years of multilateral tariff reduction, other countries replaced tariffs with VATs but the US did not. We urged Congress to implement a VAT and the proceeds should be credited against payroll taxes paid by all workers and businesses.

Rep_Leonard.JPG(from left: Dana Marshall, Jeff Ferry, Rep. Leonard Lance (R-NJ-7), Jason Cooper)

Our message echoed not only in the congressional halls but also in the White House. We had the privilege to meet with Dr. Peter Navarro, Director of the National Trade Council in the Executive Office Building. Dr. Navarro firmly assured how important these issues are to the White House and how President Trump plans to act on them.

IMG_5438.JPG.jpeg

CPA’s meeting with Dr. Navarro’s was very engaging and lasted longer than originally scheduled. He asked CPA members about the trade issues they are facing in their businesses. Everyone had the opportunity to ask a question or address a specific concern.

IMG_5482.JPG.jpeg(from left: Bill Bullard, National Trade Council Director Peter Navarro)


With over 100 congressional meetings, we had a very successful week persuading a large portion of the US Congress. We laid out the trade competitiveness needs of America's manufacturers, farmers, ranchers and workers.  We are already harvesting fruit from the seeds that were planted. Below you can find all of our issue flyers that were passed out in every meeting.

Rep_Hice.jpg(from left, Burl Finkelstein, Rep. Jody Hice (R-GA-10), Bill Bullard) 

The Coalition for a Prosperous America is a nonprofit organization representing the interests of 2.7 million households through our agricultural, manufacturing and labor members.
 
Contact: Paola Masman, Media Director 
202-688-5145 ext 2, paola@prosperousamerica.org

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  • Paola,

    Thank you for circulating the essence of the fly-in. Wish I could have been there to participate. Best set of overview images to date.

    That said, I offer the following in hopes it will add to the momentum of change CPA has set in motion. Under the headings:

    • “Eliminating Trade Deficit”
    o “$502 bil. trade deficit” is misleading. The presentation should also expose the larger $727 bil. in goods deficit hiding behind the slowly emerging services surplus of $225 bil. For thirty five years America’s decision makers have been setting their sights on a shift to a service based economy and it is not going very well. The magnitude of goods imports is growing faster and draining the economy. The ramp up of exporting skills and education is in a large part furthering the goods export capability of other nations. These facts need to be brought to the attention of voters. Don’t expect thriving global companies or universities thriving on foreign student tuition to reveal this on their own.
    o “$502 bil. equates to 2.25 million jobs” is also misleading. Do the math and you will discover the average wage for a manufacturing job must be $223,000 per year. Adjust the average wage to $75,000 per year in the Midwest, and use the goods export deficit of $727 bil. and you will arrive at roughly 10 million middle class jobs at stake in a nation with 140,000 million jobs available.
    o If you then add the multiplier that a manufacturing job brings to a small town, of 7 to 8, unlike a service sector job, which might generate 2, you discover the projected shift in earnings and tax revenue (and votes) generated by bringing goods manufacturing back to America is going to be a huge deal.
    • Fix Currency Manipulation & Misalignment
    o Private capital flows and other factors need further explanation.
    o Another image is needed in this section. Adding it could assure that the importance of CPA continues to expand. Today’s currency manipulations by central banks in emerging nations is akin to what the Allied Nation’s Bretton Woods agreement did in 1944 when it established World Bank and IMF. It pegged the yen at 360 to the US dollar and the mark at 4 to the US dollar. The agreement engaged an incentive for consumers in Allied countries to begin purchasing exports from Japan and Germany. The power of the Bretton Woods Agreement served to generate war reparation funding for both nations. But the agreement had no exit clause and stayed in affect for 43 years for Japan, 25 years for Germany. It is little wonder that today’s emerging nations have set in motion the same tried and true approach to nation building, with a slight variation. They have shunned the World Bank and International Monetary Fund. Today the rise of emerging nations, at the expense of others, is barreling down a track unchecked. CPA is suggesting legislative changes that could introduce disc brakes to all trains.