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CoGC: Are Taxpayers: Broken-Hearted or Just Plain Broke? Government Drives Up the Cost of Valentine's Day http://t.co/TV6nHYzf
February 09, 2012 09:01 AM
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The Education and Workforce Committee holds hearing on NLRB "Recess" Appointments http://t.co/2ED4u4t8
February 08, 2012 03:47 PM
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Senate Highway Bill Violates Taxpayer Protection Pledge http://t.co/z7IETuQT
February 08, 2012 11:02 AM
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OK Gov. Mary Fallin Releases Bold Tax Reform Plan http://t.co/oRPWYGKb
February 07, 2012 06:02 PM
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Senator Hatch looks to improve the Senate's Highway Bill http://t.co/rOZQENlQ
February 07, 2012 04:47 PM
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Senator Hatch tries to make a bad bill better http://t.co/F6VYT9NI
February 07, 2012 03:32 PM
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ATR Opposes Retroactive Tax Hikes http://t.co/XX2lRMyH
February 07, 2012 11:02 AM
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Has your Governor Issued a Proclamation Honoring Ronald Reagan on Feb 6th ? http://t.co/bHatxoTg
February 06, 2012 05:16 PM
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RT @timothy_stanley: Just interviewed @GroverNorquist. Flipped my view of the recession/election: recovery due to stopping Obama tax hik ...
February 06, 2012 04:46 PM
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RT @GroverNorquist: Reagan Birthday proclamations by 34 Governors, both R and D (Utah & Nevada just joined) 16 bitter D Govs fail test o ...
February 06, 2012 04:45 PM
GroverNorquist
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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.
