America retains and enjoys many strengths. However, various economic indicators show that the U.S. economy has failed to deliver strong growth and shared prosperity for nearly two decades. These structural issues pre-date the Great Recession and are compounded by political paralysis. This report calls for a national economic strategy for America and proposes federal policy priorities that can form the core of such a strategy. Further, the report highlights corporate and personal tax reform as a promising first step in the strategy. Finally, the report warns that it is impossible to solve the issues besetting the U.S. economy and bring prosperity to millions of Americans if the United States remains mired in crippling political gridlock and vicious rhetoric.