You're talking of course about the lowering of the trade tariffs in the 1960's. That was the government intervention that caused this.
Raising the import tariffs by 10% would fund a $1500 per worker individual income tax cut. Of course you could use the funds to cut corporate taxes if you prefer. That would be a lot more money in American citizens hands to spend in the local economy.
Thanks to the lowered tariff, we now tax domestic producers much higher than we tax foreign producers. Talk about your "hostile environments".
Yes! It's about time our retired citizens started paying their fair share.
Tell Gramps to cough it up, I want my tax cut!!
Thanks to the lowered tariff, we now tax domestic producers much higher than we tax foreign producers.
Well, we could cut our highest in the world corporate tax rate, but that would give the government less power over our economy. I know how you'd hate that.