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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!)
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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.
67 posted on 02/18/2004 5:55:12 AM PST by applemac_g4
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