>>> It would be a shame if it didn’t. It’s one of my favorite parts of the plan. >>>
It’s not as sexy as it sounds for practical reasons. There are certain classes of electronics and trucks and equipment and so on that simply is not made in this country anymore - but American businesses need and purchase these goods. Now, if this provision were to exist, then shell American companies would be set up as the end point seller of these products to get around it.
And this alone would not bring these products’ manufacturing back to America. Not without a huge rollback of the EPA and OSHA and the NLRB as well. Now, if we had this or the FAIR tax system plus a rollback of these idiotic bureaucracies, then American goods would come out of the woodwork again.
I can see what you mean. I’m interested to see where this all goes. It seems one of the biggest hurdles has been to get everyone talking about throwing out the existing tax codes in a real way and that’s getting started now.