CFR Presents

Renewing America

Ideas and initiatives for rebuilding American economic strength.

Obama’s Critical Moment on the Trans-Pacific Partnership (TPP)

by Edward Alden Tuesday, April 22, 2014
Japan's Prime Minister Shinzo Abe talks to U.S. President Barack Obama during the opening session of the Nuclear Security Summit in The Hague March 24, 2014 (Yves Herman/Courtesy Reuters).

What does President Obama actually want from the Trans-Pacific Partnership (TPP), his administration’s signature trade negotiation with 11 Asia-Pacific countries? During his visit to four countries in the region this week, we may finally get an answer to that question. And it says something about how closely he has played his cards on the issue that it’s rather hard to predict the outcome. Read more »

Driverless Cars

by Steven J. Markovich Friday, April 18, 2014
A monitor in the back seat displays sensor readings and other information in a driverless car at the Volkswagen Automotive Innovation Laboratory at Stanford University (Kevin Bartram/Courtesy Reuters).

Driverless cars promise great benefits such as fewer accidents, elimination of drunk driving, better utilization of existing highways, and letting commuters work or relax while en route. The technology has developed rapidly over the past decade, aided by research grants from multiple governments and competitions funded by the U.S. military. While several automakers have announced plans to bring cars with limited autonomous capabilities to the market by 2020, there is still a need for a clear legal framework that ensures self-driving vehicles are safe while setting appropriate limits for manufacturer’s liability. A new backgrounder, Driverless Cars, explores this emerging technology, the challenges that remain, and its benefits, which have been estimated at over a trillion dollars annually for the U.S. economy.

Renewing America Progress Report: Corporate Tax Policy

by Edward Alden Friday, April 11, 2014
The CFR Renewing America Corporate Tax Scorecard

The Renewing America initiative is publishing today the latest in our Progress Report and Scorecard series, “Standard Deductions: U.S. Corporate Tax Policy.” This is one of those rare issues on which there is actually something of a broad consensus in Washington–corporate taxes, most Republicans and Democrats agree, should be low enough to attract investment, high enough to raise a reasonable share of federal revenues, and reasonably immune to tax avoidance strategies by companies. Read more »

President Obama Should Fix the H-1B Program on His Own

by Edward Alden Monday, April 7, 2014
Members of the audience listen to U.S. President Barack Obama as he participates in an event on immigration reform in San Francisco, November 25, 2013. (Jason Reed/Courtesy Reuters)

With House Republicans increasingly looking like they will again block immigration reform this year, pressure is growing on President Obama to use his executive authority to block further deportations of most unauthorized immigrants. I have an additional suggestion: use that same executive authority to expand admission of highly-educated temporary migrants to help boost the U.S. economy. Read more »