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Research

The CPA is Washington’s leading organization fighting for a new trade policy to deliver balanced trade, restored health for American industries, broadly-shared economic growth, and more jobs for American workers.  Learn about the key trade issues impacting the US economy that must be solved. Research by CPA staff takes a deeper look at these issues and which policy changes can lead to dramatic improvement.

Research Articles

Tax Strategy
working paper

Public Company Corporate Tax Under the TCJA and Sales Factor Apportionment

October 21, 2020
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...
working paper

CPA Testimony on Economic Modeling of Trade Agreements

October 06, 2020
Since the early 1990s, economic modeling of trade agreements (TAs) has played an important role in the assessment of TAs by the federal government, business community, and economists. We have written before about the poor forecasting record of economic models of trade agreements. In this testimony, we develop modifications to...
Tax
Tax Strategy

Why OECD is Now Center of Global Tax Debate

September 22, 2020
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...

Aluminum Tariffs Re-Imposed After Canada Breaches USMCA Commitment

August 11, 2020
By Jeff Ferry, CPA Chief Economist Last week the Trump administration re-imposed aluminum tariffs on imports of Canadian aluminum to stem the Canadian surge which violated Ottawa’s USMCA promise to avoid increased imports.

June Trade Deficit Falls Slightly In Pandemic, Stands At $50.7 Billion

August 05, 2020
By Ken Rapoza, CPA Industry Analyst The pandemic has curtailed exports and imports and today’s trade numbers showed a slight decline in the trade deficit. The June deficit came in at $50.7 billion, 7.5 percent better than the $54.8 billion deficit in May, based on the Bureau of Economic Analysis...

Don’t Let China Take Over the U.S. Solar Industry

July 16, 2020
Though it has not been covered by the mainstream media, one of the major success stories of the Trump Administration can be found in U.S. solar manufacturing. Over the past three years American solar manufacturing capacity has increased nearly ten-fold, with factories opening and expanding in nearly a dozen states....

US Trade Deficit Deepened to $54.6 Billion in May As COVID Impacted Trade

July 02, 2020
By Jeff Ferry, Chief Economist The monthly US trade deficit climbed to $54.6 billion in May as the COVID crisis dented exports more than imports.

US and UK Should Partner on a “Multiplier” Fund to Back 5G Startups

June 30, 2020
By Jeff Ferry, CPA Chief Economist The United Kingdom is close to pulling out of its previous compromise solution for 5G telecom, which involved keeping Huawei at the so-called “edge” of British wireless networks.
currency
Currency Misalignment

America’s Trade Deficits

June 23, 2020
Editors note: Ken Austin, a former treasury official, explains the intricacies of capital flows, exchange rates, and the trade deficit. Blame U.S. Policies – Starting With Tax Laws

Coronavirus Crisis Drives Collapse in April Trade, Deficit Worsens to $49 Billion

June 04, 2020
By Steven L. Byers, PhD and Jeff Ferry The coronavirus disrupted international trade and led to a collapse in US trade volume which makes it difficult or impossible to draw conclusions about underlying trends.