Was talking about this with the wife just now.
Even she - a diehard sociallist - sees the sense in bringing manufacturing back home. She did raise one point, though, the definition of manufacturing.
We got talking about McDonalds - cooking burgers is not manufacturing. Making them is. She was curious as to whether the 0% corp tax would be for the entire company, or just the division that actually produces and freezes the food to be cooked.
Not seen anything on this point yet. How robust will the definition of manufacturing be?
Why would it surprise everyone that a socialist supports government intervention in the marketplace?
She did raise one point, though, the definition of manufacturing.
The problems with Santorum's collectivist folly are so obvious that even a self-avowed socialist understands them. The real question is why won't all of the fake conservatives on this thread admit that which should be obvious to all?
If this oddball idea ever becomes law, I guarantee the definition will be a mile wide and an inch deep.
I hear Larry Kudlow question this issue on occasion too. Personally, the looser the definition the better. The lower we can get tax rates in this section of the economy, the bigger the prosperity boom will be. Add that to the policies on cutting regulations to the bone that Santorum argues, and we can turn this ship around in short order.