Fight Foreign VATs with an American VAT

Consumption taxes are “border adjustable taxes” allowed under WTO rules. They average 17% globally. This means that virtually all foreign countries tax our exports at 17% on top of tariffs. They subsidize domestic shipments abroad with a 17% tax rebate. US.S. does not have a consumption tax to offset this advantage. View the Flyer

Rubio, Warner propose fighting China’s tech threats with new ‘Office of Critical Technologies & Security’

Editor’s note: The Rubio/Warner proposal to create an Office of Critical Technology is interesting. Reporting directly to the President is a tactic to permanently increase the profile of the issue. However, the ideal scenario may be that the Dept of Commerce be the agency that strategically advances US manufacturing and technology dominance. Two U.S. senators…