HUGGY
I Post Because I Care
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- #21
Actually Huggy -- the rebate part is an idea. But it has nothing to do with which RETAIL model you want to patronize. I don't see a lot of Benz / Bimmer / Lexuses in the WalMart parking lot. It primarily serves the folks on very limited budgets and I'd prefer not to experiment on them.
10% WOULD be way too high. (can't believe i'm actually plotting a bigger govt program here).. But you'd have to prove that the money PAID OUT in incentives would be much less than the revenues it generated from a larger job base.
And since it would be more like 3 or 4%, the American price of the good couldn't be more than that over the cost of some foreign equivalent. And add to that the fact -- that when subsidize something -- the price generally goes up.. Kinda needs some tweaking eh??
Hey! I'm no economist! No doubt the concept needs tweeking. My guess is that the taxes paid by the businesses and the taxes paid by the wages of the new employees would more than compensate for the tax credits. If not ten per cent then whatever number crunches to have the program pay for itself in new tax revenue.
The goal is INCENTIVE to buy American. It is my understanding that new wages in a community circulate at least three times into other business and incomes and therefore the money as it circulates gets taxed multiple times as income. Not everyone would be on board so the 10% should be a bargain vs the revenues collected by the IRS frm people that make money off the system yet buy foreign and wouldn't benefit from the tax break..
I would go even further and pass the same tax credit on to companies and REAL American Corporations buying and upgrading their infrastructure and manufacturing equipment. I would like to see John Deere and Catapillar get the lions share of construction and farm equipment sales.