How would Sensible Tax Reform affect relations with foreign governments?
Foreign countries have benefited greatly from Americas poor economic performance of recent years. Their exports have soared. Most of them have maintained a positive trade balance and have been able to reduce their international debts. Jobs have shifted from the U.S. to foreign countries. Many American companies have moved factories abroad. The governments of those countries have often lectured the U.S. on its profligacy, but have nevertheless enjoyed the benefits of our bad economic policies. Those governments could well be distressed from the prospect of unexpected strategic economic vision and determination by the American government. A variety of past creative tax programs in the U.S. had been designed to stimulate exports, but they clearly violated international treaties and other agreements and were subsequently discarded. The tax programs of Sensible Tax Reform will have none of those flaws. There is no basis for foreign objection. We are not obligated to tax business income or t
