There is no tax cut or Fed policy that will level the playing field between Joe Sixpack and the third world.
The Fair Tax Act (HR25/S25) would repeal federal income taxes, payroll taxes and death taxes, replacing them with a national sales tax on new goods and services for final consumption. This would mean foreign producers pay the same taxes our producers pay, so the field would be as level as possible. Studies have shown it would make the US much more attractive to capital investment. Add a monetary policy that truly provides a stable dollar and the US would return to a country that provides good work opportunities and a rising standard of living to our people. That is as level as the playing field needs to be. Other countries will copy that approach and raise their own standard of living. This is a much better approach than protectionism, or defeatism.