Presently, our goods are taxed before being sold overseas, at every level of manufacture. This represents a subsidy, by American taxpaying manufacturers (and potential American purchasers of the goods) for the benefit of foreign markets. The American taxpayer pays both the domestic taxes embedded in the manufacturing cost of exported goods, AND the foreign taxes on imported goods (embedded in the price).
How is that fair? Get rid of all except the domestic end retail sales tax, and our goods would be more competitive in price overseas.
Sure, but that wasn't what I was talking about, was it. I was talking about the price of imports -- which would not go down 20-25%.
I see that as an inducement for more domestic manufacturing. Which of course is a good thing as increase in any business sector, expecially manufacturing creates domestic jobs, which increases tax revenue due to increased spending by more people working.
Hopefully the folks openning these new businesses will take pity on the newly unemployed government bureaucrats!!!! LOL!