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Recent articles by Melissa Tallman

  • CPA Urges Action on Vietnam’s Deliberate Currency Manipulation

    Sends letter to U.S. Trade Representative in support of Section 301 Trade Case Washington. The Coalition for a Prosperous America (CPA) has submitted comments to the Office of the U.S. Trade Representative (USTR) in support of an investigation into Vietnam’s deliberate currency undervaluation. In October, U.S. Trade Representative Robert Lighthizer announced a Section 301 trade case to determine whether Vietnam’s currency, the dong, is deliberately undervalued, and if it is adversely impacting U.S. manufacturers and agricultural producers. CPA believes the dong is undervalued by roughly 15 percent and that tariffs are needed in response. Read more
  • CPA Letter on Supply Chain Integrity and Transparency

    This CPA letter to Senators Wyden and Brown thanks them for their support of banning the importation of forced labor goods from the Xinjiang region of China. We also urge them to support a country-wide ban, not merely a regional ban, of these imports. Read more
  • CPA Praises First-Ever Commerce Department Decision on Currency Manipulation

    Countervailing duties will address Vietnam’s subsidies and currency practices Washington. The Coalition for a Prosperous America (CPA) praised a Commerce Department decision announcing preliminary countervailing duties (CVDs) on tire imports from Vietnam. The Commerce Department determined that tire producers in Vietnam received unfair subsidies due to the country’s deliberately undervalued currency. This is the first time an affirmative countervailing duty determination has been issued in response to a country’s currency practices. Read more
  • US chokehold pushes China chip self-sufficiency up the agenda

    CPA's Take: China is planning to spend over $1 trillion on catching up to the US in technology, especially chipmaking. The US must make spending and investing in a US-based chip industry a high priority, starting now.  Read more
  • US Solar Manufacturers Need Washington's Continued Support

    Tariffs and eliminating loopholes have helped--let's keep up the pressure on China. The United States is in the midst of a contentious election cycle. However, President Donald Trump and former Vice President Joe Biden have demonstrated agreement on some key issues. The Trump administration, for example, has shown that tariffs can bring back important manufacturing sectors, including steel. And the Biden campaign has pledged to reshore U.S. manufacturing. Read more
  • Public Company Corporate Tax Under the TCJA and Sales Factor Apportionment

    In this article, published in Tax Notes Federal on Sept 21, 2020, CPA Chief Economist Jeff Ferry and CPA Board Member Bill Parks analyze the federal corporate tax paid by the S&P 500 companies in 2019 and find they paid on average less than 9% in cash federal tax last year. The authors compare it to two alternative tax systems, flat-rate sales factor apportionment, and sales factor apportionment with a progressive sliding scale from 10% to 45%. The look at the revenue and economic implications of the alternative tax systems. Our estimates show that by replacing the current system with an SFA system at 21 percent, the United States could have expected to earn an additional $97.8 billion in federal corporate tax receipts for 2019. Read more
  • CPA Letter on Rethinking Agriculture and the WTO

    CPA sent the following letter to Trade Ambassador Robert Lighthizer supporting efforts to reform the WTO because it has not helped farm and ranch income. WTO rules also wrongly prevent the US from creating an effective agro-industrial strategy for rural America. Read more
  • Why OECD is Now Center of Global Tax Debate

    By David Morse The passage of the 2017 Tax Cut and Jobs Act (TCJA) lit the fuse for corporate tax reform that has been debated internationally over the last two years. Essentially, the United States' willingness to recognize failures in the international tax system have now prompted action in other countries. However, there has been a continuing inability to resolve overall tax avoidance issues. And at this point, control of the discussion has moved to into the international arena via discussions at the Organization for Economic Cooperation and Development (OECD). Read more
  • CPA Letter on Renewal of Generalized System of Preferences

    RE: Five Suggested Reforms for the Generalized System of Preferences (GSP) Dear Chairman Grassley and Chairman Neal, Read more
  • A More Competitive Dollar Would Boost US Manufacturing

    The rising dollar--35% in the past nine years--makes U.S. exports more expensive overseas. In March, the Federal Reserve was forced to act in order to avert an international financial crisis. With corporations around the world closing down at the start of the COVID-19 crisis, payments from customers stopped. Foreign companies needed funding to meet their obligations. But they found banks suffering an acute dollar shortage. At the same time, large investment funds were trying to sell off stocks and bonds in order to buy U.S. assets. All of this sent the dollar’s exchange rate soaring. Read more
  • CPA Praises Presidential Proclamation on U.S. Solar Manufacturing

    Trump administration closes tariff loophole on imports of bifacial solar panels Washington. The Coalition for a Prosperous America (CPA) has strongly praised a new proclamation by President Trump intended to accelerate the growth of America’s solar manufacturing industry. The president’s proclamation will close a loophole for tariffs on imported solar panels and also slow step-down in the tariff rate to 18 percent for 2021. CPA has long called for action to defend America’s burgeoning solar industry against subsidized imports from China, and has urged the elimination of a tariff exemption for “bifacial” solar panels. The president’s action is expected to safeguard thousands of skilled, good-paying jobs in America’s solar sector while also preserving opportunities for future growth.  Read more
  • CPA Says Move to Eliminate Tariffs on PPE Would Sabotage U.S. Manufacturing, Health Care

    The Coalition for a Prosperous America (CPA) charged that a new Senate bill to eliminate all tariffs on personal protective equipment (PPE) would sabotage U.S. manufacturing of these vital health care supplies and should be opposed by all who want to rebuild the U.S. health care manufacturing industry to safeguard the health of the American public.  CPA said that the Stop PPE Taxes Act, a bill advanced by Senator Toomey (R-PA) and Senator Hassan (D-NH) and sponsored by Senator Feinstein (D-CA), would undermine the U.S. PPE industry, which is seeing a revival in U.S. production of masks and other essential supplies. The bill would waive tariffs on imported personal protection equipment through 2022. Read more
  • U.S. Corporations Still Avoiding Corporate Taxes

    David Morse is tax policy director at the Coalition for a Prosperous America Education Fund. Follow him on Twitter @CentristinIdaho. There was a lot of fuss in late 2017 when Congress passed the Tax Cut and Jobs Act (TCJA). The legislation was expected to significantly revamp America’s tax system — and hopefully tackle the thorny issue of corporate tax avoidance. Read more