Main Street Lending program
CPA is working to keep you up to date on the CARES Act lending programs. Here is additional information that may help your business regarding the new Main Street Lending program and the previously announced Paycheck Protection Program (PPP).
The PPP is the most popular lending program because the...
International View: Japan, France Preparing to Move Supply Chains Out of China
By Jeff Ferry, CPA Chief Economist
According to rumors circulating in Paris, French president Emmanuel Macron recently had a phone call with Chinese president Xi Jinping in which the Frenchman asked for an emergency shipment of a billion face masks to cope with the COVID crisis. The Chinese president is...
Made in America 2030: A Smart Infrastructure and Industrial Strategy Can Make Post-COVID America Stronger
By Jeff Ferry, CPA Chief Economist
Abstract
As we emerge from the current lockdown and economic freeze, the US economy will need a substantial boost.
Paycheck protection program update for CPA members
This is an update on the Paycheck Protection Program which is part of the Small Business Interruption Loan Program within the recently passed CARES Act.
CPA members with 500 or less employees can start applying as of last Friday, April 3. You can start applying through your local bank.
Trade in the Time of Coronavirus – China Trade Deficit Hits 14-Year Low
By Steven L. Byers, PhD and Jeff Ferry
US trade with China was drastically disrupted in February in the wake of the coronavirus pandemic.
What does COVID stimulus bill - CARES Act - do for small CPA member companies?
By David Morse, Tax Policy Director
The president just signed the CARES Act after a week of negotiations in the Senate, and a Congressional kerfuffle that required an emergency recall of House members to the Capitol. Newspapers have spent much ink on individual check expectations and considerable corporate...
Employee Paid Sick Leave During the Corona Pandemic: What it means for America’s small businesses
Editor's Note: David Morse is the tax policy director at the Coalition for a Prosperous America Education Fund.
The President and Congress are currently finalizing the CARES Act to address the major economic disruptions caused by the coronavirus. However, small employers around the country are wondering what the earlier new “Families...
US Tariffs Reducing Trade Deficit; Continued Improvement in 2020
By Steven L. Byers, PhD and Jeff Ferry
The US trade deficit in goods and services for January 2020 fell 6.7 percent from December, to $45.3 billion, as January’s monthly imports decreased more than exports.
E-Commerce and Your Family
How safe are the items you are purchasing online?
By Greg Owens
On January 24, 2020 there was a press conference in Washington given by the Department of Homeland Security, which is responsible for US Customs, and Dr. Peter Navarro, Assistant to the President for Trade and Manufacturing Policy.
...2019, A Year in Trade: Imports Decline; China Imports Relocate
In 2019, the US trade deficit, our total imports and our goods imports all declined. These are all positive developments for the US economy and especially so because key indicators of the overall US economy, including GDP and personal consumption expenditure, grew at healthy rates last year.