CFR Presents

Renewing America

Ideas and initiatives for rebuilding American economic strength.

The GOP’s Tunnel Vision on the Export-Import Bank

by Edward Alden Wednesday, June 25, 2014
Republican McCarthy Scalise Boehner Export Import Bank leadership elections Newly elected House Majority Leader Kevin McCarthy (R-CA) speaks to the media with new Republican Whip Rep. Steve Scalise (L) and Speaker of the House John Boehner (R) after House Republican leadership elections on June 19, 2014 (Jim Bourg/Courtesy Reuters).

Ask which of the two congressional parties is more in favor of free trade, and the answer is easy: the Republicans. If President Obama succeeds in concluding the Trans-Pacific Partnership negotiations this year, he will rely on GOP votes, including Tea Party Republicans, to get the deal through Congress. His own Democratic Party is strongly opposed. Read more »

A Conversation on the President’s Trade Agenda with Michael Froman

by Renewing America Staff Tuesday, June 17, 2014

Yesterday, U.S. Trade Representative Michael Froman visited the Council on Foreign Relations to discuss President Obama’s trade agenda. In a conversation with former U.S. Trade Representative Charlene Barshefsky, Ambassador Froman highlighted the strategic importance of ongoing U.S. trade negotiations, including the Trans-Pacific Partnership (TPP), the Transatlantic Trade and Investment Partnership (TTIP), and the Information Technology Agreement (ITA). Read more »

Toward a Progressive Tax Policy

by Renewing America Staff Thursday, June 5, 2014
Occupy Wall Street protester Federal Hall New York Stock Exchange New York A lone Occupy Wall Street protester sits in front of Federal Hall, across the street from the New York Stock Exchange, in New York (Brendan McDermid/Courtesy Reuters).

The “global wealth tax” suggested by Thomas Piketty in his book Capital in the Twenty-First Century is a utopian-style suggestion to reconstruct the global tax structure. In a new column for Bloomberg View, CFR Adjunct Senior Fellow Peter Orszag suggests two more practical reforms that could make the U.S. tax system more progressive: establishing a progressive consumption tax and changing the U.S. estate tax into an inheritance tax.