ARRA News Service
ARRA News Service facebook page  
News for social, fiscal & national security conservatives who believe in God, family & the USA. Upholding the rights granted by God & guaranteed by the U.S. Constitution, traditional family values, "republican" principles / ideals, transparent & limited "smaller" government, free markets, lower taxes, due process of law, liberty & individual freedom. All content approval rests with the ARRA News Service Editor. Opinions are those of the authors. While varied positions are reported, beliefs & principles remain fixed. No revenue is generated for or by this site - no paid ads accepted - no payments for articles. Fair Use doctrine is posted & used.
Editor/Founder: Bill Smith, Ph.D. [aka: OzarkGuru & 2010 AFP National Blogger of the Year]
Contact: editor@arranewsservice.com (Pub. Since July, 2006)
    Home Page

One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors. -- Plato (429-347 BC)

Sunday, November 27, 2016

An ‘America First’ Trump Trade Policy

Patrick Buchanan
by Patrick Buchanan: Donald Trump’s election triumph is among the more astonishing in history.

Yet if he wishes to become the father of a new “America First” majority party, he must make good on his solemn promise:

To end the trade deficits that have bled our country of scores of thousands of factories, and to create millions of manufacturing jobs in the USA.

Fail here, and those slim majorities in Michigan, Pennsylvania and Wisconsin disappear.

The president-elect takes credit for jawboning William Clay Ford to keep his Lincoln plant in Louisville. He is now jawboning Carrier air conditioning to stay in Indiana and not move to Mexico.

Good for him. But these are baby steps toward ending the $800 billion trade deficits in goods America runs annually, or bringing back factories and creating millions of new manufacturing jobs in the USA.

The NAFTA Republicans tell us the plants and jobs are never coming back, that we live in a globalized world, that production will now be done where it can be done cheapest — in Mexico, China, Asia.

Yet, on Nov. 8, Americans rejected this defeatism rooted in the tracts of 19th-century British scribblers and the ideology of 20th-century globalists like Woodrow Wilson and FDR.

America responded to Trump’s call for a new nationalism rooted in the economic principles and patriotism of Hamilton and the men of Mount Rushmore: Washington, Lincoln, Jefferson and Theodore Roosevelt.

The president-elect has declared the TPP dead, and says he and his negotiators will walk away rather than accept another NAFTA.

Again, good, but again, not good enough, not nearly.

The New International Economic Order imposed upon us for decades has to be overthrown.

For the root cause of the trade deficits bleeding us lies in U.S. tax laws and trade policies that punish companies that stay in America and reward companies that move production overseas.

Executives move plants to Mexico, Asia and China for the same reason U.S. industrialists moved plants from the Frost Belt to the Sun Belt. Given the lower wages and lighter regulations, they can produce more cheaply there.

In dealing with advanced economies like Japan, Germany, and the EU, another critical factor is at work against us.

Since the Kennedy Round of trade negotiations, 50 years ago, international trade deals have reduced tariffs to insignificance.

But our trade rivals have replaced the tariffs with value-added taxes on imports from the USA. Even to belong to the EU, a country must have a VAT of at least 15 percent.

As Kevin Kearns of the U.S. Business and Industry Council writes, Europeans have replaced tariffs on U.S. goods with a VAT on U.S. goods, while rebating the VAT on Europe’s exports to us.

Some 160 countries impose VAT taxes. Along with currency manipulation, this is how European and Asian protectionists stick it to the Americans, whose armed forces have defended them for 60 years.

We lose at trade negotiations, even before we sit down at the table, because our adversaries declare their VAT nonnegotiable. And we accept it.

Trump has to persuade Congress to deal him and our trade negotiators our own high cards, without our having to go to the WTO and asking, “Mother, may I?”

Like this writer, Kearns argues for an 18 percent VAT on all goods and services entering the United States. All tax revenue raised by the VAT — hundreds of billions — should be used to reduce U.S. taxes, beginning by ending the income tax on small business and reducing to the lowest rate in the advanced world the U.S. corporate income tax.

The price of foreign-made goods in U.S. stores would rise, giving a competitive advantage to goods made in America. And with a border VAT of 18 percent, every U.S. corporate executive would have to consider the higher cost of leaving the United States to produce abroad.

Every foreign manufacturer, to maintain free access to the U.S. market of $17 trillion, greatest on earth, would have to consider shifting production — factories, technology, jobs — to the USA.

The incentive to produce abroad would diminish and disappear. The incentive to produce here would grow correspondingly.

Inversions — U.S. companies seeking lower tax rates by moving to places like Ireland — would end. Foreign companies and banks would be clamoring to get into the United States.

With a zero corporate tax, minority businesses would spring up. Existing businesses would have more cash to hire. America would shove China aside as the Enterprise Zone of the world.

Most important, by having Americans buy more from each other, and rely more on each other for the necessities of life, U.S. trade and tax policies would work to create a greater interdependence among us, rather than pull us apart as they do today.

Why not write new tax and trade laws that bring us together, recreating the one nation and people we once were — and can be again?
--------------------
Patrick Buchanan is currently a conservative columnist, political analyst, chairman of The American Cause foundation and an editor of The American Conservative. He has been a senior advisor to three Presidents, a two-time candidate for the Republican presidential nomination, and was the presidential nominee of the Reform Party in 2000. He blogs at the Patrick J. Buchanan.

Tags: Patrick Buchanan, conservative, commentary, America First, Trump Trade Policy To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. and "Like" Facebook Page - Thanks!
Posted by Bill Smith at 4:11 PM - Post Link

0 Comments:

Post a Comment

<< Home


national debt
Don't miss anything!
Subscribe to the
ARRA News Service
It's FREE & No Ads!

You will receive a verification email
& must validate you subscribed!

You Then Receive One Email Each AM
With Prior Days Articles / Toons / More


Also, Join us at:
Facebook.com/ARRANewsService


Recent Posts:
Personal Tweets by the editor:
Dr. Bill - OzarkGuru - @arra
#Christian Conservative; Retired USAF & Grad Professor. Constitution NRA ProLife schoolchoice fairtax - Editor ARRA NEWS SERVICE. THANKS FOR FOLLOWING!

Action Links!
Arkansas State Senators
AR State Representatives
Arkansas Governor Office
Arkansas Attorney General
Bankrupting America
US House of Representatives
US Senators
Family Research Council
GrassFire
NumbersUSA
Ballotpedia
Judgepedia
Sunshine Review

Facebook Accts - Dr. Bill Smith
Pages:
ARRA News Service
Arkansans Against Big Government
Alley-White Am. Legion #52
Catholics & Protestants United Against Discrimination
End Taxpayer Funding of NPR
Overturn Roe V. Wade
Prolife Soldiers
Project Wildfire 4 Life
Republican Liberty Caucus of Arkansas
The Gold Standard
US Atty Gen Loretta Lynch, aka Eric Holder, Must Go
Veterans for Sarah Palin
Why Vote for Hillary (Satire)
FB Groups:
Arkansas For Sarah Palin
Arkansas Conservative Caucus
Arkansas County Tea Party
Arkansans' Discussion Group on National Issues
Blogs for Borders
Conservative Solutions
Conservative Voices
Defend Marriage -- Arkansas
FairTax
FairTax Nation
Arkansas for FairTax
Friends of the TEA Party in Arkansas
Freedom Roundtable
Let's Mine AR Lignite NOW!
Pro-Life Rocks - Arkansas
Republican Network
Republican Liberty Caucus of AR
Reject the U.N.

Patriots
Exchange
Links

Request Via
Article Comment

Links to ARRA News
A Patriotic Nurse
Agora Associates
a12iggymom's Blog
America, You Asked For It!
Americans for a Free Republic
America's Best Choice
America's Whatchtower
An Ol’ Broad’s Ramblings
ARRA Twitter
As A Matter of Fact
As The Crackerhead Crumbles
Baaad Media!
Black & Right
Blogs For Borders
Blogs for Palin
Blow the Trumpet Ministry
Boot Berryism
Cap'n Bob & the Damsel
Chicago Ray Report
Chuck Baldwin - links
Citizen Pamphleteer
Common Cents
Conservative Hideout
Conservative Observer AZ
Conservative Voices
Conway Real Deal
Defeat Obama's Agenda
Diana's Corner
eGOP News
Florida Pundit
Franklin Online Outreach
Freedom For US Now
Free Zone Media Center
For God and Liberty
Garland County Republicans
Greater Fitchburg For Life
Guns and Religion
Lasting Liberty Blog
Liberal Isn't Amy
Liberty's Lifeline
Maggie's Notebook
Marathon Pundit
Monkey in the Middle
NASA Satellites
No Runny Eggs
Okie Campaigns
Our Voices Arkansas
Patriot's Corner
ProLifeBlogs
Publius Forum
Randy's Roundtable
Real Debate Wisconsin
Religion and Morality
Right on Issues that Matter
Right Reason
Rocking on the Right Side
Saber Point
Saline Watchdog
Secure Arkansas
Sentry Journal
Sultan Knish
Teresamerica
Stop Obama Satire & Cartoons
The Arkansas Patriot
The Audacity of Logic
The Blue Eye View
The Bobo Files
The Born Again Americans
TEA Party Cartoons
The Conservative Citizen
The Foxhole | Unapologetic Patriot
The Liberty Republican
The Lid
The Looking Spoon
The Maritime Sentry
The O Word
The Path to Tyranny Blog
The Real Polichick
TOTUS
Truth About Obamacare
Twitter @ARRA
Warning Signs
Women's Prayer & Action
WyBlog

Editor's Managed Twitter Accounts
Twitter Dr. Bill Smith @arra
Twitter Arkansas @GOPNetwork
Twitter @BootBerryism
Twitter @SovereignAllies
Twitter @FairTaxNation

Editor's Recommended Orgs
Accuracy in Media (AIM)
American Committment
American Culture & Faith Institute
American Enterprise Institute
American Family Business Institute
Americans for Limited Government
Americans for Prosperity
Americans for Tax Reform
American Security Council Fdn
AR Faith & Ethics Council
Arkansas Policy Foundation
Ayn Rand Institute
Bill of Rights Institute
Campaign for Working Families
Center for Individual Freedom
Center for Immigration Studies
Center for Just Society
Center for Freedom & Prosperity
Citizens Against Gov't Waste
Citizens in Charge Foundstion
Coalition for the Future American Worker
Competitive Enterprise Institute
Concerned Veterans for America
Concerned Women for America
Declaration of Am. Renewal
Eagle Forum
FairTax
Family Research Council
Family Security Matters
Franklin Center for Gov't & Public Integrity
Freedom Works
Gingrich Productions
Global Incident Map
Great Americans
Gold Standard 2012 Project
Gun Owners of America (GOA)
Heritage Action for America
David Horowitz Freedom Center
Institute For Justice
Institute for Truth in Accounting
Intercollegiate Studies Institute
Judicial Watch
Less Government
Media Reseach Center
National Center for Policy Analysis
National Right To Work Foundation
National Rifle Association (NRA)
National Rifle Association (NRA-ILA)
News Busters
O'Bluejacket's Patriotic Flicks
Open Secrets
Presidential Prayer Team
Religious Freedom Coalition
Renew America
Ron Paul Institute
State Policy Network
Tax Foundation
Tax Policy Center
The Club for Growth
The Federalist
The Gold Standard Now
The Heritage Foundation
The Leadership Institute
Union Facts



Blogs For Borders

Reject the United Nations

Adopt Our Troops in Prayer


Thousands of Deadly Islamic Terror Attacks Since 9/11

FairTax Nation on FaceBook
Friends of Israel - Stand with Israel
Blog Feeds
Syndicated - Get the ARRA News Service feed Syndicated!
ARRA Blog Feed

Add to Google Reader or Homepage

Add to The Free Dictionary

Powered by Blogger


  • How To Exchange Links!
  • Comments by contributing authors or other sources do not necessarily reflect the position the editor, other contributing authors, sources, readers, or commenters. No contributors, or editors are paid for articles, images, cartoons, etc. While having reported on and promoting the beliefs associated with the ARRA, this blog/site is not controlled by nor funded by the ARRA. This site/blog does not advertise for money or services nor does it solicit funding for its support.
  • Fair Use: This site/blog may contain copyrighted material the use of which has not been specifically authorized by the copyright owner. Such material is made available to advance understanding of political, human rights, economic, democracy, and social justice issues, etc. This constitutes a 'fair use' of such copyrighted material as provided for in section Title 17 U.S.C. Section 107 of the US Copyright Law. Per said section, the material on this site/blog is distributed without profit to readers to view for the expressed purpose of viewing the included information for research, educational, or satirical purposes. Any person/entity seeking to use copyrighted material shared on this site/blog for purposes that go beyond "fair use," must obtain permission from the copyright owner.
  • © 2006 - 2017 ARRA News Service
Creative Commons License
Creative Commons Attribution Noncommercial Share Alike 3.0 Unported License.