FairTax IS the answer!
Consider this:
The USA has been screwed (and screwing itself) in respect of trade ever since WW II! Because, the USA is the only major country in the world that has no border adjustable tax (VAT or GST)!
So, our trading “partners” export their goods FRee of taxes (border adjustable taxes are REBATED at their border) and are imported into the USA with no or minimal USA import duty or taxes.
And, USA goods are exported FRom the USA carrying the ENTIRE BURDEN of taxes imposed by the EVIL USA Corporate income tax, which is, of course, NOT BORDER ADJUSTABLE!
Adding insult to injury, importing countries add their VAT to the USA import, causing USA goods in EVERY ONE OF OUR major trading “partners” marketplace to carry the burden of TWO federal taxes (USA and the importing country VAT/GST) while foreign goods sold in the USA carry the burden of NO (or VERY minimal) federal taxes!
The absence of a border adjustable tax is causing US manufacturing goods to be overpriced, relative to their foreign competitors, at home and abroad!
At a MINIMUM, one would expect USA import duties to be exactly equal to the rebated VAT/GST FRom our respective trading “partner,” would one not? To AT A MINIMUM, level the playing field in the USA.
Actually, there is a VERY good solution to this dilemma we find ourselves in - the FairTax – HR 25 and S 18.
IMHO, FairTax WILL solve the FRee/Fair Trade issue VERY nicely!
FairTax levels the playing field both at home and abroad: FairTax imposes NO tax on businesses, so under the FairTax, USA exports will compete on price, quality and availability overseas and at home, because the FairTax would ALSO be levied on imported goods at the point of sale.
This is a long post, but the BS we have been hearing come out of Washington, DC about “border taxes” is just that!
FairTax IS the answer!
We need your help in order to replace the income tax with the FairTax and abolish the IRS.
The USA will NEVER be a FRee country so long as we have an income tax and an IRS!
To find out more about the FairTax, go to https://www.fairtax.org.
We need a 20% tariff and a NRST. Kill the income tax and watch the USA explode economically..