Ridiculous claim.
Removing all corporate taxes and compliance costs from our companies will instantly make our producers more competitive in the world market.
And foreign producers are going to finally be taxed for playing in our market...at the point of sale.
The FairTax goes after the root causes of our monstrous trade deficits.
Read #19 again, it was a response to someone elses comment that they would be fine with a NRST plan that essentially didn't remove embedded tax costs from domestic businesses. Under that scenario, the relative cost advantage given to domestic goods would no longer exist.
Under the plan the way that Dr. Jorgenson understood it, the domestic business was reducing its costs, and was gaining an advantage over the foreign business.