"The White House proposes to meet the costs of a global trade liberalization agreement by, among other things, issuing a 'cradle-to-grave' taxpayer identification number designed to guarantee that Americans pay taxes on investments. White House Chief of Staff Leon Panetta and U.S. Trade Representative Mickey Kantor informed Republican congressional leaders of their proposal Tuesday, congressional sources said.
"The Uruguay Round of the GATT, signed earlier this year, requires countries to reduce their tariffs on imported goods. For the U.S., that is estimated to reduce tariff revenue by about $12 billion over five years. Under budget rules that loss must be offset by federal spending reductions or by tax increases. As described by congressional sources, the plan the administration presented Tuesday depends primarily on tax enforcement actions, a speedup in a number of tax collection provisions and increases in fees.
The ID number, which would be issued to newborns, is projected to generate about $340 million over five years".
Question: Where will they get the other $11.66 billion?… perhaps another increase in our taxes? And Kantor said we'd realize a tax decrease? You be the judge.
PS: As you know, GATT passed since this article was published. We've seen the devastating effects of NAFTA and are horrified of the current talk of expanding it to include Carribean, Central and South American countries. Ultimately, we will face a choice of either accepting the total economic destruction of our country or demanding that the unConstitutional GATT and NAFTA be repealed.
Since the U.S. Congress has long ago been bought-and-paid-for by Israel and other interest groups [According to an Israeli Knessett member, from an article in the Harretz, the U.S. Congress is "Israeli occupied territory"], we must take the battle to the states. Contact and meet with your State Legislator; begin the education process using documented evidence to bring the point home… that the country, the lives they are destroying are their own.
P.P.S. Sir James Goldsmith died suddenly not long after he testified so powerfully, although uselessly, to the U.S. Senate against the GATT-WTO.
by Jackie Patru
No comments:
Post a Comment