An increasing number of Americans are alarmed at the decline of America’s manufacturing capacity. Particularly troublesome is the growing awareness that arresting this trend will be difficult because the policies that contribute to this problem come in so many shapes and forms. For example, this past weekend, the NY Times highlighted an example in which President Bush’s 2003 tax cut provides a huge advantage to foreign companies doing business in the U.S. over American ones. 
 
As the article reveals:

“The advantage under the 2003 law can be significant. It can cost an American company as much as $540 million more than a foreign company to pay $1 billion to United States investors.” 

Naturally of course now that this provision has been identified, its author is no where to be found.

“…it was still a mystery as to how the provisions got into the 2003 tax cut bill.”

This entry was posted on Thursday, March 29th, 2007 at 12:31 am and is filed under Manufacturing in the U.S., Economic Security. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.