To: applemac_g4
What government regulations on business do you think would solve this?What could a President REALLY do?
39 posted on
02/18/2004 5:42:09 AM PST by
MEG33
(John Kerry's been AWOL for two decades on issues of National Security!)
To: MEG33
Read Pat Buchanan's book,
"The great betrayal". It documents this problem and provides solutions for it before it started happening.
As for potential solutions...how about the following:
(1) Any corporation that shifts more than a certain percentage of jobs overseas loses all domestic tax deductions.
(1a) A foreign services tax of 25% is levied on all corporate expenditures which involve outsourcing of services to foreign lands.
(2) Any product manufactured or assembled overseas, in whole or in part, is hit with a 20% tarriff.
Canada, England, and Australia are exempted from these provisions.
(3) In conjunction with #2, income tax levied on every bracket is cut 20% (that's 3x the size of Bush's tax cut, folks).
Of course, this is just an outline of a proposal. It would probably need to be tweaked, and there are other good ideas that would increase its effectiveness.
But I believe that some variant of it would result in an unprecedented economic revival for middle class America and job growth the likes of which we haven't seen since the military-industrial complex ramped up for World War II.
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