How Balancing Trade Will Create Jobs
Will a revised trade bill help to restore manufacturing and, thus jobs, to the United States of America? Bills Parks thinks so in his blog post at OurFuture.org.
Parks offers a revised proposal to the Balanced Trade Restoration Act of 2006 including a call for a Value Added Tax (VAT) that would help U.S. manufacturers compete internationally. Parks says:
There are renewed calls for implementing a Value Added Tax (VAT) in the U.S. to help American manufacturers compete internationally. An overwhelming number of countries use the value added tax as a major revenue source and because it is allowed to be rebated and not counted as the export subsidy it is. It also operates to penalize imports.
Parks also calls for limiting Import Certificates in order to spark demand for domestic products and subsequently create jobs.
Parks' revised proposal deserves some attention. Read more.
Related recent Blogs
- March 7, 2014: Weak #MFG job growth and a big trade deficit earn Obama the saddest of trombones • by mmcmullan • 03/07/2014
- It wasn't all weather: What's behind the weak manufacturing jobs report. • by admin • 03/07/2014
- A Berry good story on American-made footwear • by mmcmullan • 03/06/2014
- White House economic adviser Gene Sperling shares words of wisdom on his way out • by TGarland • 03/05/2014
- EPI: Address currency manipulation and you address the jobs deficit • by mmcmullan • 03/05/2014
- A first look at the president's budget proposal for 2015 • by mmcmullan • 03/04/2014
- The U.S. needs a stronger domestic supply chain in the event of an attack • by TGarland • 03/04/2014
- Campaigns and political parties take note: We've got the key to attracting voters • by LDonia • 03/03/2014
- And the award goes to ... American workers • by TGarland • 03/03/2014
- March 3, 2014: Cold weather and cold Oscars pizza go together • by mmcmullan • 03/03/2014