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These destructive #Obamacare tax hikes will soon be implemented: http://t.co/opFkyf1guJ
May 14, 2013 01:01 PM
taxreformer -
"Saying the Marketplace Fairness Act is fair is like saying the Affordable Care Act makes health care affordable" -@MarshaBlackburn
May 14, 2013 12:30 PM
taxreformer -
"I can't believe #Obamacare led to higher health care costs," said no economist ever: http://t.co/J6dfnKqFYZ
May 14, 2013 12:01 PM
taxreformer -
#Obamacare's 10% tanning tax hits salon owners and customers, most of which are women: http://t.co/dJuaGAT9LE
May 14, 2013 11:01 AM
taxreformer -
Groups who advocated for the IRS to prepare tax returns sure look foolish these days: http://t.co/oKvpIofu7Y
May 13, 2013 06:30 PM
taxreformer -
"We don't need the federal government mandating additional taxes..." -@MarshaBlackburn on MFA: http://t.co/lAuLJtr5t3 #NoNetTax
May 13, 2013 06:00 PM
taxreformer -
Health insurers and businesses are already feeling the iron-clad grip of regulations in #Obamacare: http://t.co/J6dfnKqFYZ
May 13, 2013 05:30 PM
taxreformer -
Virginia Governor Bob McDonnell Signs Largest Tax Hike in Virginia History into Law http://t.co/Qd6KOFfaPv
May 13, 2013 03:46 PM
taxreformer -
Under #Obamacare, mothers have had a tougher time purchasing non-prescription, over-the-counter medicine: http://t.co/dJuaGAT9LE
May 13, 2013 02:01 PM
taxreformer -
9 out of 20 #Obamacare tax hikes have not even been implemented yet: http://t.co/opFkyf1guJ
May 13, 2013 01:30 PM
taxreformer
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Tariffs on Tires are Terrible, but the Worst is yet to Come
The Global Trade Alert sure has great timing. Less than a week ago, the Obama Administration announced a 35% tariff hike on tire imports from China. Apparently, the United States is not the only country pushing for protectionism. Now the GTA, a group of trade experts with backing from the World Bank, has found 130 new measures to restrict trade worldwide, according to the Wall Street Journal.
It is no secret that global trade is hurting—it is expected to shrink 10% in the next year. If these restrictive measures take effect however, that number will get much worse. Both world powers and developing economies are using a myriad of tactics to strangle international exchange. Fifty-five countries have already passed measures aimed at hurting Chinese exports, while forty-nine have enacted similar restrictions on the United States. Almost fifty new barriers each have been proposed on automobiles and agricultural products.
Last week, a Wall Street Journal opinion piece warned of creeping protectionism in the coming months, and the GTA report only confirms those fears. At the G20 Summit in April, Obama asserted that “We have to reject protectionism and accelerate our efforts to support emerging markets.” In light of recent tariffs however, it would appear that the President is more likely to embrace protectionism than reject it. A tariff on Chinese tires is myopic, counterproductive trade policy, but it looks like such measures could soon become the norm. Get nervous…
