It is bad news to uncover a Band of Bozos who are dedicated to make foreign companies rich at the expense of American workers. Their plan is to prevent any current or future tariffs on goods no longer made in the U.S.A. That would include more than 1,600 products listed by the International Trade Commission, an organization dedicated to global progress at the expense of this country..
The Bozos ignore reality. Every country protects its own industries until they become strong enough to survive without protection from foreign dumping and currency manipulation.
China, for example, currently has a 25% tariff on U.S. cars and soybeans. The Europeans have duties of 25% on U.S. motorcycles, boats, whiskey and even peanut butter. Nearly all nations, except the U.S., also have a Value Added Tax which affects all imports with double digit fees.Tariffs are actually federal government taxes, which reduce the need for more income tax or other sources of revenue. Wikipedia notes:
Tariffs have historically served a key role in the nation’s foreign trade policy. They were the greatest (approaching 95% at times) source of federal revenue until the Federal income tax began after 1913.
From 1789 to 1914 the political parties battled over tariff rates.
In general Democrats favored a tariff that would pay the cost of government, but no higher. Whigs and Republicans favored higher tariffs to protect and encourage American industry and industrial workers, Wikipedia explains.
Times have changed. Today, large corporations prefer to manufacture overseas, where workers earn as low as 23 cents an hour in China, or go south of the border to Mexico with its 59-cent minimum wage.
And for even more profits, companies are using the labor of an estimated 30 million to 60 million slaves around the world – see graphic above.
Let’s get back to this powerful group that wants foreign firms to never face tariffs, thus preventing any protection of fledgling industry here.
Michael Stumo, CEO of the Coalition for a Prosperous America (CPA) is angry:
This is a giveaway to foreign manufacturers and other countries. In this era of trade cheating, currency misalignment, and subsidized foreign overproduction, this … grants tariff cuts in return for zero concessions from other countries.
Stumo said that “to help grow good-paying, middle-class jobs in the coming years,” we “must grow the domestic production of food and goods.”
I wish this “powerful group” was just the Business Round Table or U.S. Chamber of Commerce. Both joyfully endorse the plan.
The sad truth is this “Band of Bozos” consists of the 402 members of the U.S. House of Representatives who passed the Miscellaneous Tariff Bill Act of 2018 (HR 4318) without a single “Nay,” and 28 not voting weasels. They were joined at the hip by the U.S. Senate, which passed the bill by unanimous voice vote consent.
Total vote was 502 to 0. The amount paid to campaign coffers and delivered as cash in brown paper bags was not as easily enumerated.
Not one member of Congress voted for the American worker and our domestic companies.
“The Miscellaneous Tariff Bill should be called the ‘Never Make It Here Again Act’,” CPA Chairman Dan DiMicco said.
It has flown beneath the radar and is a holdover from the past. At precisely the moment when the president is tackling foreign trade cheating and trying to create leverage, Congress is again engaging in unilateral trade disarmament. This bill fails to consider that many of the products included could be manufactured in the US.
Styumo summed it up this way:
America over-consumes and under-produces, as evidenced by our decades-long deindustrialization and our trade deficit.
Congress needs to pivot from listening to an import lobby that supports cheap imported consumption to a consistent strategy of increasing domestic production of food and goods. We encourage President Trump to veto this legislation since it runs counter to his emerging trade strategy.
Trump has not yet signed the bill.
Here is a sample of items no longer made here and the date of last U.S.A. production in parenthesis:
- Mattel toys (2002)
- Rawlings baseballs (1969)
- Gerber baby food (1994)
- Converse shoes (2001)
- Etch-a-sketch (2000)
- Stainless steel rebar (circa 2001)
- Vending machines (circa 2003)
- Levi jeans (Dec. 2003)
- Radio Flyer’s Red Wagon (March 2004)
- Dell computers (Jan. 2010)
- Canned sardines (April 2010)
- Forks, spoons, and knives (June 2010)
- Incandescent light bulbs (Sept. 2010)
- Televisions (Oct. 2004)
- Cell phones (circa 2007)
- Minivans (circa 2003)
You can call the (MAGA) U.S. President at Comments: 202-456-1111 or Switchboard: 202-456-1414.