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ATR Urges North Carolina Legislators to Reject Anti-Free Enterprise Protectionism http://t.co/RIg4ejSB
May 22, 2012 10:17 AM
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ATR Releases 2012 List of State Taxpayer Protection Pledge Signers for May 22 Primaries http://t.co/maSodrTt
May 21, 2012 01:18 PM
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Senate Should Reject Importation of Foreign Price Controls on Rx Medicines http://t.co/ogZvZ0Yq
May 21, 2012 12:05 PM
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ATR Urges Illinois GOP Leaders to Stick to their Word on Tax Hikes http://t.co/XrCYJId0
May 21, 2012 10:17 AM
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In a @fxnopinion op-ed, @GroverNorquist urges Congress to bypass Obama and approve the Keystone pipeline http://t.co/43heBQhh ^
May 21, 2012 10:15 AM
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Blog: ATR urges Illinois GOP Leadership to stick to their word on tax hikes - http://t.co/FenLjInR #atr ^
May 21, 2012 10:12 AM
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The Post Mortem on Maryland’s Special Tax Hike Session http://t.co/6nFjgjfF
May 18, 2012 04:18 PM
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What Tax Hikes Does Beth Anne Rankin (@BethAnneRankin) Support? http://t.co/dBs5DuV2 #AR04
May 18, 2012 03:23 PM
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What Tax Hikes Does Beth Anne Rankin Support? http://t.co/92cfRfYF
May 18, 2012 03:03 PM
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CoGC: Nanny State Update: Smoke Free Smoking Lounges, Ducking the Truth, Bag Bans and Soda Taxes http://t.co/Nqj3G8c7
May 18, 2012 02:32 PM
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Print"Buy American" Language Generates Growing Angst Abroad
The frustration and fear of the Administration’s drive toward a more protectionist American economy has gone global. Countries including Brazil, Japan, Australia, the European Union, and Canada in particular are voicing serious concerns over “Buy American”, a policy thought to have been rendered after language was added ensuring the U.S. still honors its international treaty obligations. However, U.S. cities, and some states are not obligated to follow such rules. Instead, hundreds of municipalities and several state legislatures have passed “Buy American” resolutions instructing state-wide companies to only use American steel.
As if this wasn’t enough, the “American Clean Energy and Security Act of 2009” has a sneaky “Buy American” provision under Title I – Section C that stipulates financial aid for automakers. Under this provision, automakers can only receive financial aid if the cars, including the manufacturing plug-ins, and the batteries used to power electric cars, are made in the U.S. This provision is extremely unrealistic when taken into account that most car parts aren’t manufactured within the U.S. but merely shipped in. According to MIT’s Technology Review, currently almost all advanced batteries for cars are made overseas, mainly in Asia.
The U.S.’ major trading partners are making noise of possible retaliation if the Administration does not address their growing concerns. Canada, who sends 75 percent of its exports to America and owns half of GM and Chrysler, has already had measures of retaliation and boycotting of U.S.-made products at the municipal level. Ironically, protectionism was deemed a failed practice after it only worsened conditions during the Great Depression in the 1930s.
Americans for Tax Reform sent a letter to Congress warning members of the grim outcome protectionist policies promises and urging them to oppose all “Buy American” language.
