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Entries in U.S. Chamber of Commerce (9)

Wednesday
May102017

Global Supply Chains Explained … in One Graphic

U.S. Chamber of Commerce

May 10, 2017

Boeing Airplane that shows how different parts come from different places to make one plane
Global supply chains are complicated and critical, with many moving pieces.

The economic security of all businesses is on the line, and breaking down barriers and global borders unleashes the potential for increased competitiveness.

In an effort to simplify the importance of global supply chains, take a look at the graphic above.

Many pieces – from across the United States, Europe, Asia and Australia – with one grand result: a Boeing 787. Get the picture?

Read on...

Friday
Mar102017

America's Infrastructure Was Just Graded A D+ — Here’s What We Should Do About It

U.S. Chamber of Commerce

March 10, 2017

Today, the American Society of Civil Engineers (ASCE) released its latest Infrastructure Report Card, a periodic assessment of the condition of our nation’s infrastructure system, including roads, bridges, waterways, railways, public transit, and more.

The latest findings are a striking confirmation of what we already know: America’s infrastructure is in desperate need of repair.

The report card grades our nation’s infrastructure as a D+ overall, and the study’s scores by category echo the same troubling refrain: America is barely passing. Some elements of the system were found to have made slight progress, including the rail sector, which was rated a B thanks to a marked increase in private sector investment by the rail industry. This is heartening, but still, a few key categories experienced decline, and several remained unchanged from the last analysis four years ago. 

Simply put, these aren’t the kind of marks anyone is going to be posting on the refrigerator.

Read on...

Thursday
Jun252015

Why America's Truckers Want to Pay More for Gas (Hint: Look at our Roads)

U.S. Chamber of Commerce

June 22, 2015

U.S. truckers waste 141 million hours sitting in traffic every year, costing the industry $9.2 billion annually. Photo credit: Susan Goldman/Bloomberg News.America's trucking industry wants Congress to raise taxes on fuel.

No, you read that correctly. Raise, not lower.

Naturally, that begs the question: What could drive America's truckers, who spend more than $100 billion on diesel every year, including roughly $16 billion in fuel taxes, to ask lawmakers to charge them more every time they fill up their tanks?

The answer: America's busted roads.

During a visit last week to Capitol Hill, Bill Graves, president of the American Trucking Associations, pleaded with lawmakers to increase the federal gas tax to raise more money to repair the nation's crumbling roads, highways and bridges as well as build new transit infrastructure. It's urgent that they raise the tax now, he said, as the federal Highway Trust Fund - which provides capital for the majority of those types of construction projects - is currently on pace to run out of funds at the end of July.   Read on…

Friday
May302014

Assessing the Impact of Proposed New Carbon Regulations in the United States

Our analysis shows that Americans will pay significantly more for electricity, see slower economic growth and fewer jobs, and have less disposable income. Potential EPA regulations would result in a very slight reduction in carbon emissions, which would be overwhelmed by global increases.

Click here for complete article > U.S. Chamber of Commerce: Institute for 21st Century Energy

May 29, 2014

The Environmental Protection Agency (EPA) is proposing new regulations on carbon emissions from the power plants of today and tomorrow. In order to evaluate these new regulations, all Americans should understand the effect they will have on consumers, our economy, and on carbon emissions.

Click graphic to open

For the first time, this analysis is now available. Our report, "Assessing the Impact of Potential New Carbon Regulations in the United States," illustrates the impacts associated with an EPA regime modeled on the Obama Administration's stated emissions reductions goal. To obtain the most accurate modeling and analysis possible for the report, we commissioned the respected global energy and economics firm IHS. The conclusions of the report are our own….

Click graphic to download

Thursday
Mar202014

Facilitating Trade at the Border

The Chamber is encouraged by the forward movement the executive order creates, and encourages the government agencies to push forward to complete this project.  Creating a single window, not only creates efficiencies and market opportunities for business, but will set the standard for our international trade partners.  

Click here for complete article > U.S. Chamber of Commerce

March 19, 2014

Last month, President Obama signed an Executive Order (EO) entitled “Streamline the Export/Import process for American Business." The EO set in motion a determined plan to modernize our trade process through the development of the International Trade System (ITDS), which when completed will effectively create a “single window” for international trade. ITDS will be a strong step towards streamlining our border processes to improve efficiency and effectiveness while building our risk based security structure. This single touch point to move goods across our national borders will improve regulatory interfaces between government agencies and, if done correctly, will create major efficiencies for our businesses. Furthermore, the improved trade environment created by the EO will foster new and improved economic growth/opportunities, job growth.

Companies face a barrage of government agencies when they are looking to engage in international trade.  The latest count from U.S. Customs and Border Protection (CBP) shows that some 47 government agencies have a role in the process. In addition to the host of government actors, many of the current requirements remain paper-based procedures that are more reminiscent of the 20th century, rather than the Internet-connected 21st century.  This bureaucracy is complex, and adds time and costs to both the government and the companies engaging in the global supply chain...

Saturday
Feb152014

U.S. Chamber of Commerce: NAFTA Myths and Realities

The total U.S. goods and services trade deficit with Canada and Mexico reached about $50 billion in 2012, but it’s entirely due to America’s sizeable net oil imports from our two neighbors. It’s hard to see how these energy imports could drive job losses in, say, manufacturing.

Click here for complete article > U.S. Chamber of Commerce

February 7, 2014

2014 marks the 20th anniversary of the entry-into-force of the North American Free Trade Agreement (NAFTA). The usual critics have seized on the occasion to make their usual arguments. And as usual, their data are as wrong as their arguments.

For instance, Harold Meyerson of the Washington Post last month blamed job losses on the U.S. trade deficit with our NAFTA partners, Canada and Mexico, which he cited as $181 billion in 2012.

Writing in the New York Times, David Bonior last week wrote much the same: Citing the same number, he claimed the U.S. has lost jobs and seen inequality rise due to the trade deficit with our North American neighbors.

The trade balance is a poor measure of success or failure in trade policy, but the U.S. in fact registered a combined trade surplus with Canada and Mexico in 2012 of $21 billion in manufactured goods, $44 billion in services, and $2.9 billion in agricultural products. These surpluses aren’t new, and they continue today…

Thursday
Feb132014

U.S. Chamber of Commerce: Raising Gas Tax Is Best Way to Fund U.S. Highways, Donohue Says

“For once, let’s do what’s right, not what’s politically expedient,” Donohue told members of the Senate Environment and Public Works Committee at a hearing in Washington.

Click here for complete article >Bloomberg Business Week

February 12, 2014

Raising the U.S. gasoline tax above 18.4 cents a gallon is the “simplest and most straightforward” way to fund a long-term highway bill, the president of the nation’s largest lobbying group for businesses told Congress.

Lawmakers need to embrace a higher gas tax despite the backlash over a similar proposal two years ago that prevented approval of a six-year highway funding bill, Thomas Donohue, the president and chief executive officer of the U.S. Chamber of Commerce, said today. The Chamber has endorsed legislation that would boost the tax by 15 cents a gallon over three years…

Friday
Jan172014

Gas Up the DeLorean: 5 Innovators Prove the Future of Clean Energy is Here

Click here for complete article > Free Enterprise – U.S. Chamber of Commerce

January 15, 2014

Christopher Lloyd and Michael J. Fox in a scene from Back to the Future (Universal Studios).Adding gigawatts to the power grid sounds like something out of Back to the Future. But it’s happening—now. Gas up the DeLorean. The future of clean energy is here.

Wind power became the number one source of new electricity generation in the U.S. in 2012, accounting for over 43% of new additions with over 13 gigawatts added to the grid. The Energy Information Administration’s most recent market outlook forecasts consumption of solar and other renewables will grow by 3.6% through 2013. And on the supply side, ongoing debates about the prices of renewables and their inability to compete in the marketplace void of subsidies, hasn't stalled solar or wind developers from growing their footprint. Solar is also scaling up with the industry adding 930 megawatts of new photovoltaic capacity through the third quarter of 2013. Solar now generates over 10,250 megawatts of electricity…