To: Calpernia; ancient_geezer; Taxman; pigdog; Principled; EternalVigilance; PhilWill; kevkrom; ...
Duncan Hunter is the only candidate who is willing to address the China threat head on.
Duncan Hunter: No, you know what we are talking about actually is reversing what China has got which is protectionism. Right now, if we send a good to China, they hit us with a 17% tax at the waters edge.
As a cosponsor of The Fair Tax, Duncan Hunter understands the 17% advantage for China will be eliminated immediately with passage of The Fair Tax and boost U.S. competitiveness overseas. Imports and domestic production will be on a level playing field because exported goods are not subject to the FairTax, since they are not consumed in the U.S.; but imported goods sold in the U.S. are subject to the FairTax because these products are consumed domestically. The China threat can be significantly reduced with The Fair Tax. Fair Tax ping!
11 posted on
12/21/2007 5:11:12 PM PST by
Man50D
(Fair Tax, you earn it, you keep it! Duncan Hunter is a Cosponsor.)
To: Man50D
Border adjustable is perhaps one of the greatest advantages of the nrst.
No wonder China can undersell US goods here [and abroad]. They have a built-in 17% advantage via our lovely income tax code.
The nrst [hr 25] IS border adjusted and will make US goods more price competitive here in the US and overseas - just the way you mention.
You know, if you can believe it, there are posters here on FR who assert that "border adjustability is no big deal". Really. Just you wait.
17 posted on
12/22/2007 4:29:14 AM PST by
Principled
(Vaporize the "Divide and Conquer" taxes - Have everyone pay the same marginal rate!. NRST!)
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