As readers of this blog know I feel that fixing our trade policy is one of the most important things we must do. Our tax code puts an unfair burden on our businesses and our tax code has driven a large number of companies to move production overseas. This in turn has eliminated a large number of manufacturing jobs. This is turn has devastated Northern Indiana, Ohio, Michigan, etc...
I think the easiest way to fix it is to abolish the Federal Income tax and replace it with a consumption tax. This would level the playing field Internationally for our businesses.
Hillary Clinton and Barrack Obama are sponsoring a bill that would help fix some of our problems with China; however, the bill they are sponsoring makes a lot less sense then switching to a consumption tax:
I would support the bill they are sponsoring. We should have forced China to let their currency fluctuate a long time ago.
This is a winning issue for Democrats. Jeff Pruitt over at Fort Wayne Left posts about Trade issues regularly. Jeff has long said that the Democrats need to take a more "populist" stance on Trade and that they need to support "Fair Trade."
Jeff Pruitt is right. This is an issue that could help the Democrats gain more support among voters...
The Republican Party along with about most of the Democratic Party (Including its leadership) has created a Trade Policy that has really hurt this Country.
Do you remember Bill Clinton and NAFTA? NAFTA hurt this Country badly.
Lets hope someone in Washington wakes up and that we fix our broken Trade Policy...