Category: Trade & Economics
President Trump’s tax reform program is in stark contrast to critics on the Left who still want a tax system that redistributes income to those who will be denied opportunity by an ideology that deplores capitalism, fears economic growth, and … Continue reading
There is nothing special in the “100-day Action Plan.” On balance, the consensus favors the opening of China to American business. It will, of course, depend on careful monitoring to insure that the door is swinging the right way. China … Continue reading
Much of the U.S. portion of the NAFTA Superhighway, consisting of intercontinental infrastructure connecting Mexico, the U.S. and Canada, is already built, quietly financed by successive congressional appropriations over the years and there is no doubt the establishment is anxious … Continue reading
Donald Trump’s promise to “bring back jobs from overseas” (particularly from China) is perfectly in accord with the Hamiltonian approach, which in the 19th century became known as the American System. George Washington, Daniel Webster, Henry Clay and Abraham Lincoln were all … Continue reading
How much more will we be asked to shell out to handle the influx of Chinese goods coming through Texas and the United States? The global corporations always find a way to make the taxpayer foot the bill for them, so taxpayers beware. Continue reading
Beijing kicked its trade offensive into high gear while Bill Clinton was in the White House, but looking the other way. And, while Hillary Clinton has been pushed into spinning some of her views during the current campaign, it does not seem that she has truly broken with the past to devise new policies to deal with the economic rivalries that have done so much damage to the U.S. economy and now jeopardizes national security as well. Continue reading
The WTO is a supranational agency established in 1995 to prevent nations from adopting trade policies that give their domestic industries an advantage over foreign rivals. It can declare national legislation “illegal,” if it harms foreign interests. Archives around the world are filled with treaties and other documents that no longer hold sway because they no longer describe reality or fit the needs of major powers. The WTO needs to go into that pile. Then American statesmen can go back to the “protectionist” policies of national development that from its founding built the U.S. into the powerhouse of the 20th century, so it can remain on top during the 21st. Continue reading
An Enemy of Income Tax Reform: The “Business Transfer Tax” (a/k/a “Business Activity Tax” and “Business Flat Tax”)
The “Business-Transfer Tax” in all its forms is a proposal for a dual-tax system, to have a value-added tax built upon a rejiggered income tax. This second tax comes disguised as income-tax reform with the VAT label avoided. Sad to say this ill-conceived proposal amounts to a cover-up and remedy for the failure of U.S. trade negotiators to insist that VAT nations abide by the principles of free trade. But, two wrongs don’t make a right. As an enemy of real income-tax reform, it would make the income tax even more disjointed and difficult to unscramble into a simple, tax-neutral, low-rate income tax. Continue reading
The Mexican customs office within the KC SmartPort is considered sovereign Mexican territory within the United States’ borders. The port was established to boost international trade by moving cargo and customs inspections into what are known as Foreign Trade Zones (FTZs) with tremendous tax and duty benefits that domestic companies do not enjoy. Inland ports facilitate the further economic integration of the U.S. with Canada and Mexico. KC SmartPort boasts its rail lines are part of the NAFTA superhighway for freight movement. Continue reading
“Let’s suppose somebody came to us all today, 2016, and said, bonjour, or guten tag, or ciao, we’ve got this brilliant idea for a new project to take all these higgledy-piggledy nations and turn them into a single political unit with a single currency and gradually moving, actually ever more rapidly, towards a single system of government, and you Brits will have to sign up for virtually all of it except the single currency. They would then be told that they would have to give up the right to make their own laws, pay for membership and have no border control. That’s the offer they make to us – a club that wastes our money massively, that subverts democracy in this country, takes away people’s power to elect the people who take the decisions, reduces the competitiveness of the European economy, and all for no real economic benefit. Why would we join such a club today? Why would we join such a woefully unreformed Europe? Would anybody in their right mind join the EU as it is today? I don’t think so.” – Boris Johnson Continue reading
Such NAFTA international trade has all but destroyed the American manufacturing base, it threatens U.S. jobs and has contributed to stagnant wages since its inception in 1992. So the funding and expansion of the NAFTA trade corridors coupled with the porous southern border create another source of angst for American voters as they weigh the current presidential contenders. Continue reading
A small government, hard power, anti-crime, nationalist and traditionalist conservatism can succeed. It has succeeded in this election, insofar as the leading candidates have adopted it, with varying degrees of sincerity. If conservatism is to be relevant, it is going … Continue reading
It appears that the biggest socio-political division of our time is no longer between rightist and leftist political trends, as it was during the Cold War era. It is between nationalism and greater globalization. Washington is caught between a shift from managed international economics and trade and the new patriotic nationalism at home. Continue reading
It is often said that a conservative is a liberal who has been mugged. The turn to the Right in America started with a backlash against the disastrous ideas, both social and economic, that came out of the 1960s and reached fruition with the “stagflation” and anarchy of President Jimmy Carter. A new generation has suffered through the painfully slow half-recovery under President Barack Obama. Thus, both the libertarian and democratic-socialist models have failed. This leaves only a genuine conservative model to save the day, if it can find a champion. Continue reading
Looking into the coal industry in Montana gives us a strong insight into the present state of affairs of American coal. Montana generally ranks around fifth in terms of coal output in the United States, while having the largest amount of reserves, roughly 25 percent of U.S. reserves, or 120 billion tons.
But the GOP will have to look beyond the “advice” of Big Business since it is corporate policy that has sought to keep American incomes down. It must be remembered that the Chamber of Commerce supports Obama on immigration.
Buchanan dislikes the neocons, blaming them for maintaining an assertive foreign policy after the Cold War ended in victory. Apparently, the U.S should have folded its tent and retreated into isolationism, as it did after winning the other two world wars of the 20th century. Those strategic decisions left the country unprepared for the next round of conflict. History shows that all “post-war” periods become “interwar” periods.
For perhaps the first time since the 2010 election inaugurated divided control of Capitol Hill, there was actual excitement about energy legislation as the House took up a bill to expedite the export of liquefied natural gas (LNG). It’s not that the House hasn’t passed dozens of bills to encourage domestic oil and gas production, or discipline extralegal rulemakings by the EPA – it surely has. Rather, it’s been the automatic DOA status of these measures in the Senate that’s made the movie seem old and predictable. Well, that may be changing.
The group National Foreign Trade Council has opposed all sanctions on Iran from the start of the nuclear crisis. Iran has oil money and NFTC members want to do business with the regime regardless of any other consideration.
On November 23, the People’s Republic of China (PRC) announced the establishment of an East China Air Defense Identification Zone (ADIZ) and demanded that all aircraft entering or transiting the zone file flight plans with Beijing. China then deployed fighters to patrol the zone; threatening military action against anyone who did not acknowledge it’s authority in what is otherwise considered international…
Have you ever had a kid ask for seconds during a meal before he’s even finished what’s on his plate? Well, that’s what the Texas legislature is asking of voters on November 5. Lawmakers want Texans to pass a constitutional amendment, Proposition 6, to approve more funding for water projects. A similar measure narrowly passed in November 2011 for a $6 billion revolving fund to loan money to local government entities for water infrastructure, outside constitutional debt limitations.
As a professional staff member on the U.S. House Foreign Affairs Subcommittee on Oversight and Investigations in 2011, I was able to visit several countries to check on how the U.S. Aid for International Development (USAID) agency was fulfilling its many missions. On the agency’s website is the statement, “Broad-based economic growth is essential to sustainable, long-term development. It creates the opportunities impoverished households need to raise their living standards, provides countries with the resources to expand access to basic services, and—most important of all—enables citizens to chart their own prosperous futures.” Absolutely true, and not just in “developing” parts of the Third World, but in all parts of the world as “development” is an ongoing process everywhere.
Since Barack Obama won a second term, much has been said about how the GOP needs to reach out to a broader group and be more tolerant in order to win another national election. In Texas, all eyes are on Democrat Senator Wendy Davis to see whether she will formally throw her hat in the ring to run for Texas Governor later this month. She’s energized her party over her high-profile filibuster of a bill to restrict abortion that won her national attention and made her an instant household name in the Lone Star State. Politicos have been pondering whether Texas will turn blue ever since.
Close on the heels of news that Interstate 69 (I-69) is underway in Texas, the Indiana Finance Authority and highway department (INDOT) has selected four private developers to submit proposals for a public-private partnership (P3) on segment 5 of I-69 from Bloomington to Martinsville. The final selection is expected this fall.
Since the imposition of the Individual Taxpayer Identification Number (ITIN), whereby individuals residing within the borders of the United States, yet ineligible to receive Social Security Numbers have been able to file tax returns, widespread fraud has gone unabated. This according to the 2012 report (Reference Number: 2012-42-081) issued by the Treasury Department’s Inspector General for Tax Administration (TIGTA).
While the Texas House and Senate are busy competing over which chamber can come up with the most funding for public schools, another top priority of state government has taken a back seat – roads.
If anything has united Republicans and the conservative movement in recent years, it has been their staunch opposition to so”called Obamacare, the chief policy initiative of President Barack Obama. Formally known as the Affordable Care Act, this sweeping overhaul of America’s health”care system galvanized conservative activists…
We still don’t know the answer to that question, but a critical segment of the Keystone XL Pipeline is mighty close to conclusion. The map segment referred to as the “Gulf Coast Project” is nearly complete, as a finite pipeline capable of carrying Canadian oil sands from Hardisty, Alberta to Nederland, Texas.
Texans from across the state recently converged at the capitol in Austin to stress the need for Texas Governor Rick Perry, Lt. Governor David Dewhurst, Speaker Joe Straus, and House and Senate budget writers to prevent the most fiscally sound, long-term road funding solutions from being held hostage to more tolls, debt, and tax hikes.
As Congress fails year after year to agree upon an annual budget, the government is kept limping along through temporary Continuing Resolutions (CRs). The budget is supposed to be adopted each year by October 1st, the beginning of the fiscal year. Instead, Congress has been passing multiple stopgap funding measures each year.
The eighth annual Texas Transportation Forum hosted by the Texas Transportation Institute and the Texas Department of Transportation (TxDOT) recently held in Austin had all eyes on the future – the future of international trade in light of the anticipated Panama Canal expansion, the future of road funding, and even the future of driving (like driverless cars).
The Republican Party, which has been a joke for almost as long as it has been a party, is fresh off two defeats in presidential elections and they have come up with the plan of all plans to get back on top.
If the 20th Century was an era of conflicts and wars, the 21st Century largely has been an era of cooperation, economic globalization and international free trade.
Jobs, jobs, jobs, that’s the worry when it comes to the political reality of international trade agreements like the North American Free Trade Agreement (NAFTA), and that put proponents of NAFTA attending the November 15-16 NAFTA-20 Conference on defense with the public, especially in times of economic stress and sustained high unemployment.
NAFTA-20 Conference: Mexican Ambassador’s Announcement of Open Borders Agreement Brings America Closer to North American Union
“Welcome to San Antonio, the NAFTA city,” declared San Antonio Mayor Julian Castro at the November 15 opening of the NAFTA20 conference held in San Antonio to commemorate 20 years since the signing of the North America Free Trade Agreement (NAFTA) in the Alamo city.
An American ambassador was asked once about Washington’s position on an important international matter, and he answered that only the President can speak on behalf of all Americans.
Texas officials and transportation industry leaders gathered in Irving recently for the annual Texas Transportation Summit to examine how to move people and goods faster.
There are two types of societies, production societies and rationing societies. The production society is concerned with taking more territory, exploiting that territory to the best of its ability and then discovering new techniques for producing even more.
If Romney accomplished nothing else during his Israeli visit, he did manage to offend every single Palestinian Arab terrorist group, all of whom, the Palestinian Authority, Hamas, Islamic Jihad, the PFLP and the DFLP, issued press releases denouncing him.
As a modern concept “globalization” is rather new. The word itself entered our common vocabulary in the 1980’s and it gradually acquired a new meaning.
United Nations Economist Howard S. Friedman, Masters in Statistics, and a PhD. in Biomedics from Johns Hopkins, declares “Income Inequality is America’s biggest challenge.”
China’s Ministry of Commerce issued a statement last Thursday warning that the U.S. might launch new investigations of Chinese trade practices amid allegations of illegal government subsidies and product dumping.
Before Obama got around to digging up his copy of last year’s State of the Union address, crossing out a few lines, adding something about Iraq and Bin Laden, before heading out for another round of golf, David Brooks wrote a New York Times column urging Obama not to forget to mention the importance of promoting education for a free market economy. He titled it, Free-Market Socialism.
With the pay-to-play Solyndra solar panel bankruptcy scandal rocking the White House, Texas governor and presidential hopeful Rick Perry is embroiled in a mountain of controversy all his own.
Rick Perry may be good at invoking states rights and private property rights, while disavowing ‘foreign creditors, but his actions as Texas’ longest serving governor tell a different story.
The people of Texas scored a big victory with the recent repeal of the Trans-Texas Corridor (TTC) from state statute.
Though many major and controversial issues were pushed through the Senate during the lame duck session of the 111th Congress, the Currency Reform for Fair Trade Act (H.R. 2378) was not among them.
Adam Smith lamented that “Commerce, which ought naturally to be, among nations, as among individuals, a bond of union and friendship, has become the most fertile source of discord and animosity.”