Friday, January 25, 2008

Fair Tax and Trade

If you know of any newspaper, in any state voting on February 5th, that you think I should send this to, please let me know.

Length: 224 words

As John McCain, Rudy Giulani, and Mitt Romney stump and stomp and stamp about the economy, two things you will rarely—if ever—hear mentioned are fair trade and the Fair Tax. They’ll mention lower corporate taxes, but they won't mention that, as long as corporate taxes exist, they will serve as both a natural tariff on our products and an invisible tax on our consumers. Corporations don’t really pay taxes, instead passing them on through higher prices.
They’ll mention tax breaks and lower income taxes, but they won't mention that, as long as income taxes exist, productivity will be stifled and peak economic efficiency won’t be reached.

They’ll mention improving trade and America’s global competitiveness while reducing our trade deficit, but they won’t mention that, as long as other countries charge high duties on our exports while we charge none on their imports, we will always struggle to compete.

Endorsed by Duncan Hunter, who has championed the idea of fair, “mirror trade,” Mike Huckabee is the only leading presidential candidate proposing both fair trade and the Fair Tax, which would eliminate income and corporate taxes, replacing them with a national consumption tax. It would be an uphill battle to install such policies in corrupt Washington, but, since we’re already talking about “change” this election, why don’t we talk about big change—real change?

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