[Willie Green]

The most sensible solution would be to impose a relatively low (15~20%), flat-rate "revenue tariff" on all imported goods. The proceeds from such a tariff could be used to offset further reduction of other forms of domestic taxation. Such a shift in tax policy would truely stimulate domestic production of goods without plundering the federal Treasury in the process.

[Ramius]

I'm not categorically against modest tariffs, sensibly imposed.

I'm not, however, sure that it would be enough to really do much to stop the flow of business out of the U.S. I also don't buy the argument that it is labor cost that it driving business out. Sure, labor is a factor, but I think more than anything we are regulating U.S. companies to death.