Showing posts with label Free Trade. Show all posts
Showing posts with label Free Trade. Show all posts

Tuesday, March 5, 2019

U.S. Chamber of Commerce Unleashes USMCA Coalition for North American Integration

The U.S. Chamber of Commerce, a corporate member of the world-government-promoting Council on Foreign Relations (CFR), has launched a massive new lobbying effort called the USMCA Coalition to garner congressional and public support for the United States-Mexico-Canada Agreement integration scheme.

“Over the coming weeks and months, the USMCA Coalition will make the case for expeditious passage of the agreement to members of Congress, and it will work to educate the American public about the benefits of the new deal,” the Chamber of Commerce stated in its February 26 press release announcing the launch of the new coalition. “The effort will harness the advocacy strength of a broad membership of companies, trade associations, and chambers of commerce, including many that operate outside of Washington, D.C.”

The USMCA Coalition is composed over “200 companies and associations representing farmers and ranchers, manufacturers, service providers, and technology companies” led by the Chamber of Commerce. However, on the USMCA Coalition’s website only 84 “Company Members” were listed. Of those 84 company members listed, the following 14 are also corporate members of the CFR:

• Amgen, Inc.

• AT&T

• Chubb Limited

• Citigroup (Citi)

• General Electric

• Google

• IBM Corporation 

• Johnson & Johnson

• JPMorgan Chase & Co.

• Mastercard

• MetLife

• Microsoft

• Pfizer Inc.

• Toyota Motor Company

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Wednesday, April 13, 2016

Free Trade Agreements, Tariffs and Tax Reductions: “Squeezing the Lemon Dry” on Behalf of Giant Corporations

Big capital has constantly decreased its contribution to the state – creating a gap in the state’s coffers which is then filled by more and varied taxes on ordinary people – ultimately shrinking the very market big capital needs to sell its increased production of goods.

Tariffs and Taxes

“Before the income tax was imposed on us just 80 years ago, government had no claim to our income. Only sales, excise, and tariff taxes were allowed.” Alan Keyes

Free trade areas and free trade agreements have allowed for the growth of multinational corporations but the concomitant reductions in tariffs caused a decline in income for the states involved.

Tariffs are defined as “a tax imposed on the import or export of goods. In general parlance, however, it refers to “import duties” charged at the time goods are imported. Tariffs have three primary functions: to serve as a source of revenue, to protect domestic industries, and to remedy trade distortions (punitive function).”

As tariff income declined income taxes and payroll taxes increased. In many cases workers also objected to reductions in tariffs as cheap imports had deleterious effects on their industries and jobs.

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