Raise the tariffs and lower the income tax by an equal amount.
There is a hidden cost to the cheap imports. The cost of 100 million Americans on food stamps, obamacare supplements, and other support programs.
We tariff foreign producers less than we tax American producers. We need to restore the import tariffs.
That’s what our founding fathers did and it worked well for America
You can eliminate all regulations and all taxes and you still aren’t going to be competitive with Chinese labor willing to work for $2/day.
But there is no reason we should let our American industries be dismantled by competition from Chinese labor.
To make matters worse, Chinese policies keep the dollars from coming back to buy trade goods, but instead are buying U.S. Equities and Stocks. They are forcing us to liquidate America in order to get those cheap trade goods. It’s time to raise the import tariffs and protect American industry.
Our market is large enough and there is enough competition within our market that we don’t need external competition. Not when our unemployment is high like it is.