Top 5 Tax Proposals by Democratic Candidates...and How They Affect Domestic Companies
Among the various Democratic presidential contenders, there are a number of proposals for corporate tax reform. After reviewing all the candidates’ plans, we’ve identified the ‘Top 5 Democratic Tax Reform Proposals.’
By David Morse, Tax Policy Director
Working Paper Update: Across-the-Board Tariffs on China with Retaliation & Federal Spending Create Over 1 Million Jobs in Five Years
This Working Paper presents the results of a CPA econometric model showing that a permanent tariff on Chinese imports would stimulate the US economy.
by Jeff Ferry (Chief Economist) and Steven Byers (Senior Economist)
US Should Reject Tax Loopholes that China Favors
By David Morse, Tax Policy Director
The US and domestic companies should be alarmed by China’s desire to preserve corporate tax avoidance strategies in the world. Many countries have had enough of corporate tax avoidance, and the Organization for Economic Cooperation and Development (OECD) is currently considering solutions...
US Trade Deficit Leaps to $55.5B in May, But China Deficit Down in 2019
By Jeff Ferry, CPA Chief Economist
The US trade deficit jumped 8.4 percent in May, to $55.5 billion, as compared to April’s $51.2 billion, according to data published today by the Department of Commerce. On a year-on-year basis, the jump was even larger, up 25.2 percent over the May...
Report to CPA Members: CPA Testifies on Section 301 China Tariffs
Editor’s note: CPA’s Chief Economist Jeff Ferry testified on Friday June 21st at the International Trade Commission in support of expanding Section 301 tariffs against China. This is CPA’s written testimony.
On June 21st, at the US International Trade Commission headquarters, I testified on behalf of CPA in favor of...
We Need An American Alternative to Huawei
By Jeff Ferry, Chief Economist
President Trump’s decision over the weekend to allow US component and chip companies to sell to Chinese network builder Huawei was a questionable decision.
Comments on Proposed Modification of Regulations Regarding Benefit and Specificity in Countervailing Duty Proceedings
Editor’s note: CPA submitted the following comments supporting a recent Department of Commerce proposal to classify currency manipulation as a countervailable subsidy under US trade laws. CPA has long supported legislation on this topic, but now Commerce intends to achieve this end through regulation.
Modification of Regulations Regarding Benefit...
Republican Marco Rubio Says the US Needs To Look Beyond Shareholder Value For Economic Success. He’s Right.
By Jeff Ferry, CPA Chief Economist
Last month, Sen. Marco Rubio (R-FL) published one of the most enlightening and surprising reports from a member of Congress in a long while.
Inflation Undershoots Again in May —Tariff Effect Nowhere To Be Seen
By Jeff Ferry, CPA Chief Economist
This morning the Bureau of Labor Statistics (BLS) published the May consumer price index, and once again inflation has undershot Wall Street expectations.
US Trade Deficit with China Increases in April
By Steven L. Byers, PhD, CPA Senior Economist
The US international trade deficit in goods and services for April 2019 declined slightly to $50.8 billion, down $1.1 billion from $51.9 billion (revised) in March. US goods exports fell $4.4 billion, and services declined by $185 million. US...
Tax Changes May be Afoot for Multinational Entities
By David Morse, Tax Policy Associate Director
Law 360 reported this week that US Treasury officials believe multinational companies should anticipate new formulas as a part of future taxation. This is good news for companies producing in America who are tired of paying higher tax rates than many...
CPA Briefing Paper: Why Economic Forecasts of the Effects of Trade Action Are Consistently Wrong
Jeff Ferry, Chief Economist
Steven Byers Ph.D., Senior Economist
June 2019
This Briefing Paper looks at the shortcomings of economic models of trade action, their causes, and modifications to improve the accuracy of these forecasting models.
CPA Study Shows Across-the-Board China Tariff Would Boost US Economy, Create Thousands of Jobs
By Jeff Ferry and Steven L. Byers, PhD
Economic modeling results from the Coalition for a Prosperous America (CPA) show that an across-the-board 25% tariff on all China imports would deliver a significant, sustained boost to the US economy, including the addition of $125 billion to GDP in 2024 and...
US Trade Deficit Edges Up To $50.0B as China Deficit Shrinks to Lowest in Five Years
By Jeff Ferry, CPA Chief Economist
The US trade deficit in goods and services edged up in March to $50.0 billion, slightly worse than February’s $49.3 billion. But the big news in today’s report from the Department of Commerce was that the US goods deficit with China has fallen significantly,...
When Chinese Networks Spy On Their Users
By Jeff Ferry, CPA Chief Economist
On April 30th, global wireless telecom company Vodafone went public with a statement to Bloomberg News saying that the London-based wireless provider found “hidden backdoors,” i.e. multiple security flaws in the wireless network supplied by Chinese network provider Huawei.
Does Nike Play Fair in Oregon?
By David Morse, Tax Policy Associate Director
Multinational companies are on the verge of outmaneuvering small domestic companies in Oregon by avoiding the business taxes that domestic companies pay. Specifically, Nike is close to ensuring the Oregon Joint Committee on Student Success raises taxes on businesses using a gross receipts tax...
The US is the world leader in 5G; We’re just missing one piece
By Jeff Ferry, Chief Economist
There is widespread concern in the US, ranging from cable TV shows right up to the White House, that the US is losing the race for 5G wireless networks. The concern is right, but the analysis is wrong.
February Trade Deficit Improves 3.4% To $49.4B As China Deficit Hits Best Level in 23 Months
By Jeff Ferry, CPA Chief Economist
The US trade deficit in goods and services for February was $49.4 billion, an improvement of 3.4 percent over the January figure of $51.1 billion, providing more evidence that tariffs are reducing the US deficit. That’s according to figures published today...
What is the Golden Age of Taxation?
By David Morse, Tax Policy Associate Director
“There is not going to be a return to a golden age of tax, this is about change,” declared Will Morris, chair of the Business and Industry Advisory Committee to the OECD’s Committee on Taxation and Fiscal Policy.
January US Trade Deficit Improves By $8.8B as China Deficit Shrinks to 7-Month Low
By Jeff Ferry, CPA Chief Economist
The US trade deficit in January 2019 shrunk dramatically, coming in at $51.1 billion, $8.8 billion below the December level and $1.9 billion below the year-ago January level.