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Position on the US Economy; Steve Porter, Democratic candidate for US Congress; PA 3rd congressional district


- Position on the US Economy: Steve Porter for Congress -

Summary:
• Revitalize manufacturing industries in PA through public works and defense contracts
• Tax breaks for “BUYING AMERICAN”
• No tax breaks for companies which outsource jobs
• No support for trade agreements that cost us jobs
• Tariff compensation for currency manipulation

Full Explanation:

“Right now, the Bush Administration is waging a war on America’s middle class. Take a hard look at this snapshot of the Republican program: a massive outsourcing of jobs, a huge trade imbalance, a national debt in excess of $8 trillion, and the inability of average families to pay their bills, pay their taxes, and send their kids to college. There are several changes we can make to improve this picture."

1. Taxpayers should not subsidize the exportation of jobs. We may not be able to stop a global company from using cheap foreign labor, but we should not be paying for it with tax breaks. I will fight to eliminate them.
2. And the converse is just as important. There ought to be tax breaks for “buying American.” I would fight for that, as well.
3. Where American businesses face unfair competition because of foreign currency manipulation, such as we see with Communist China, we need to level the playing field. It is foolhardy to expect China to do this for us. That is why I would fight for a tariff on goods which come to our shores below market-value prices because of currency manipulation. It would work like this: if an item were exported to us from a foreign nation below market value and if the American manufacturers of that item could show Congress that the lower price was due to unfair currency manipulation, then the law would allow Congress to enact a tariff equal to the amount of the manipulation. In this way, the item would be priced so that American manufacturers could compete on a level playing field.
4. To revitalize the manufacturing base which is essential to our economy, I propose an economic partnership between the federal government and private industry to begin needed public works projects. We are doing it now—but in Iraq! We ought to be doing it here at home. There are many projects that would not only revitalize our industries but also move our nation into the future. In addition to obvious infrastructure improvements, I have long advocated two: a Great Lakes Wind Farm and a high-speed rail system to connect the cities of Buffalo, Erie, Cleveland, Youngstown, and Pittsburgh. The benefits to commerce, commuting, real estate, retail sales, tourism, energy costs, and the environment are obvious. We already see such projects elsewhere in the world, particularly in Europe and Asia. America must move toward the future in these respects, or it will be left behind. We cannot, as my opponent suggests, keep funding the same mistakes over and over again.
5. To further revitalize our industries, I propose that any defense-related contract be filled by American companies on American soil using American workers. The Defense Department has a proposed 2007 budget in excess of $440 billion. It’s time that money went to help American businesses and American workers, not just for the obvious economic benefit, but also to insure greater national security. It is too risky a business to have sensitive defense technology exported to foreign manufacturers, particularly when they may be in countries which might well oppose us militarily down the pike.
6. I would support only those trade agreements which are equal to both nations and which insure that foreign nations pay fair wages and protect the environment.
7. Finally, though the federal government cannot constitutionally mandate it, I advocate a change in the way we fund our public schools so that we relieve the property tax burdens of the middle class. The nations against which our kids will compete do not fund education as we do. They use designated education taxes, income taxes, sales taxes or combinations thereof, and so should we. In this way, we would equalize funding for all districts, increase the chances for poorer kids to climb out of poverty, and relieve a huge burden now placed upon middle-class property owners.

 

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