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Search resuls for: "Ed Gresser"


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With the introduction of new laws, such as the CHIPS and Science Act and the Inflation Reduction Act of 2022, the Biden administration has been betting big on industrial policies to bring manufacturers back to the United States. This isn't the first time the U.S. government has spent tax dollars to guide industrial policy. If successful, industrial policies can potentially lead to big payoffs. "An example would be the development of mRNA vaccines for Covid," said Ed Gresser, vice president and director for trade and global markets at the Progressive Policy Institute. And that simply is a deterrent for investment and job creation here in the U.S."Watch the video to learn more about how industrial policies are affecting the manufacturing sector in the United States.
Persons: Biden, Scott Lincicome, Ed Gresser, Linicicome, Lincicome, Jay Timmons Organizations: Cato Institute, Progressive Policy Institute, National Association of Manufacturers, U.S . Locations: United States, Washington, U.S
New York CNN —A new report about tariffs on underwear finds that when it comes to tax rates, women are getting shorts-changed. The average US tariff rate on women’s undergarments is 15.5%, compared to just 11.5% for men’s. “Worst Valentine’s Day surprise ever,” wrote Gresser in his report, as he estimated that the current US tariff system adds about $1.10 to each pair of women’s underwear and about $0.75 to men’s. “America is unique in taxing women’s underwear more heavily than men’s,” Gresser wrote, although the US tariff rates as a whole fall roughly in line with international counterparts. A study from the US International Trade Commission found that across all apparel products, two-thirds of the total tariff burden comes from women’s apparel products.
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