Thank you for the information about exports, trade, and the direct v. indirect tax dispute. Your link and another one I found to help me understand provided me with a clue why a law passed on October 22, 2004 was called
The American Jobs Creation Act of 2004
I saw nothing in reports covering the new law about jobs. There was the repeal of "export subsidies" in response to the WTO and the temporary reduction of taxes on repatriated earnings. Actually, the repeal of "export subsidies" (so defined by the WTO) hurts our exports and reduces job opportunities -- and most corporations intended to use their repatriated earnings for everything but jobs. I'm still wondering where Jobs Creation figures in.
One Internet source discussing the direct v. indirect tax dispute and the WTO interference said "If the American people understood this dispute, and the effect on jobs, there would be rioting in the streets."
So we have been conditioned to bow to the WTO regardless of the impact on ourselves. It's just the beginning. I've been reading about a growing demand that the WTO move beyond just trade and get into managing "social justice."
The New Democrat Third Way "progressives" and their Third Way comrades around the world (Including Blair. Blinton?) have only to ask their corporate useful idiots to please make lots of rope, preferably outsourced offshore, thank you.
I have to agree.........
If the American people understood this, there would be rioting in the streets.
New Democrat Third Way "progressives" and the Democratic Leadership Council hate tariffs.
Tariffs hurt the little people says Edward Gresser Before the Senate Subcommittee on International Trade. Mr. Gresser heads the Trade and Global Markets Project at the Progressive Policy Institute in Washington.
What to do what to do?!
WTO to the rescue! "It is thus the WTO's major opportunity to help us both secure specific trade objectives, and serve the large goals highlighted by each president since the 1940s."
"What do we want?!" "End U.S. tariffs!" "When do we want them?" "Now!"
I can hear Bill and Hillary screaming the demands to obey the WTO.
"We don't care 'bout nutin' else," says WTO official. "We just loooooooooooove to help the American people."
New Democrat Third Way "progressives" and the Democratic Leadership Council join WTO condemnation of the Foreign Sales Corporation -- FSC is to blame for Europe's threat to impose tariffs on U.S. goods -- inaction by Repubican Congress at fault. DLC, New Dem Daily, March 4, 2004. "The GOP Fiddles, Manufacturers Burn"
Ways and Means Chairman Bill Thomas refuses to end tax breaks for the rich, opposes FSC fix demanded by the WTO and European competitors. The elimination of the FSC is "so vital to the already suffering manufacturing sector of our struggling economy, it's time for some presidential leadership," say New Democrat Third Way "progressives" and the Democratic Leadership Council
And what of the FSC? Say the New Democrat Third Way "progressives" and the Democratic Leadership Council, "FSC is one of those arcane tax issues that don't get much attention until policymakers find a way to make them real-life problems. It's a device to give U.S. exporters a tax break to offset the subsidies European competitors get from special exemptions to the continent's pervasive value-added tax (VAT) on goods."
It's arcane. Move along, move along. Trust the WTO.
If the New Democrat Third Way "progressives" and the Democratic Leadership Council know that their European Third Way comrades get the break (by another name) why did they want to eliminate ours? It's gone as of Oct., 2004 -- along with American jobs, many jobs some say.