March 4, 2013
CPA Featured at U.S. House Member Trade Forum
Dayton, OH — Michael Stumo, CEO of the Coalition for a Prosperous America, was the featured speaker at a forum held by Rep. Mike Turner (R-OH) in Dayton today. The event was titled “Forum on Trade and Tax Policies With China and the Impact on Manufacturing in the Dayton Region,” and was held at Sinclair College.
Rep. Turner highlighted the problem of Ohio job and economic loss stemming from the U.S. trade deficit, the role of China’s economic cheating, and his work on foreign currency issues and stronger trade law enforcement.
“Our trade deficit is not only an important problem, but a core economic problem,” said Michael Stumo. “If we balanced trade, we would eliminate the $600 billion per year that is leaving our economy. We would create millions of jobs, drastically increase economic growth, and collect substantially more tax revenue to largely fix the fiscal problems.”
Other speakers included: Jim Whalen, GEM City Engineering and Manufacturing; Amber Best, NewPage Corporation; Rick Garver, Harco Industries; Alan Shaffer, Dayton Progress Corp.; and Warren Davidson, Yasotay, Inc.
“We appreciate Rep. Turner’s strong focus and commitment to neutralize foreign trade tactics – such as currency manipulation, state owned enterprises, and evasion of countervailing duty orders. CPA encourages Congress to develop a plan to address the massive problem of foreign border taxes, like value added taxes, which are a $500 billion trade distortion for U.S. producers,” said Stumo.
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.