Trade News: Economic Vitals; Tax Cuts, U.S. Jobs, Trade Policy & More

From U.S. Census: New Economic Indicator Database Search Available from Census Bureau. Statistics from 12 economic indicators are now easy to access and easier to use with the new economic indicator database search. With the release of the Quarterly Financial Report for retail trade, all 12 of the Census Bureau’s economic indicators are accessible in this user-friendly Internet tool.

Consolidated Federal Funds Report: 2010 and Federal Aid to States for Fiscal Year 2010. Two reports provide an overview of virtually all federal spending at the national, state and county levels. The Consolidated Federal Funds Report shows spending for procurement contracts, salaries and wages, direct payments and loans, grants and insurance.

From DOC: The American Jobs Act: Cutting Payroll Taxes Supports Consumer Spending. President Obama has proposed cutting payroll taxes in half for 160 million workers next year. As the Economics and Statistics Administration has already shown, job gains combined with lower taxes equals more spending. That’s why these tax cuts make sense. They help create demand to give the economy a little breathing room while it recovers. This provision will provide a tax cut of $1,500 to the typical family earning $50,000 a year.

Jobs and Innovation Accelerator Challenge Winners Announced.  The Obama Administration announced the winners of the $37 million Jobs and Innovation Accelerator Challenge, a multi-agency competition launched in May to support the advancement of 20 high-growth, regional industry clusters.

From PIERS Transportation: Obama’s Jobs Plan Means Good News for the Transportation Industry.  The president proposed $50 billion in new spending on transportation systems, including state allocations for road, bridge and airport work plus more funding for intercity passenger rail upgrade.  A recent Bloomberg News Survey of 34 economists concluded that President Obama’s proposed jobs plan would boost the U.S. GDP 0.6 percent in 2012.

From WITA: Is U.S. Trade Policy Helping or Hurting Manufacturing? Webcast: 28-Oct-11 12:00 PM.  Featuring Ambassador Susan C. Schwab Former U.S. Trade Representative and Jared Bernstein Former principal economic adviser to Vice President Joseph Biden. Moderated by Thomas Duesterberg Executive Director, Manufacturing and Society in the 21st Century With Introduction by Elliot Gerson Executive Vice President of Policy and Public Programs and International Partnerships, The Aspen Institute.

From Tradeology (ITA): Strengthening the U.S. Economy by Strengthening Trade Relationships. “Products stamped with the words ‘Made in America’ are still in demand around the globe.  We must seize these opportunities… the important role that exports play in strengthening the economy and supporting jobs for American workers.  In fact, for every billion in goods exported abroad, more than 5500 jobs are supported here at home.”  Complete Miami Herald Article.

From Global Trade Alert: United States of America: Buy-American provisions in the Department of Homeland Security appropriations bill.  The bill included one Buy-American provision. Section 608(b) concerns the acquisition of dogs that are to be used in narcotics-detection teams deployed to the northern border. It provides that, “In acquiring canine assets required under [this subsection], the Secretary [of Homeland Security] shall, to the greatest extent possible, acquire canines that are bred in the United States.”  Who says U.S. Politics has gone to the dogs?  I think they’re barking up the wrong tree.  

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