If the US government designated that all products manufactured in the US (subject to intense audits) were tax free would you buy it, even though it may still cost a little more to boost the economy and bring work back home?
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Excellent point and well taken. I just think that even if it were items we buy out of necessity, that more production in the US would bring more jobs and give people an incentive to buy American made.
For clarification, I am all for buy American, but I'm not in favor of further manipulating/complicating the already bizarre tax code to try to accomplish it. Also sales tax is a State tax source, income tax is mostly a federal tax, more complications
What if it could be done as a rebate opposed to the no tax? I just think if there was something that could create more jobs that it would boost the economy. I mean look at car sales when they gave extra money for the old clunkers.
@charlu A rebate from whom? Government? That means you are asking taxpayers to fund this? Cash for clunkers had problems, electric car rebate bought a bunch of golf carts. If rebate goes to American products already being sold it would be zero gain.
@BuyaBiz Yes the rebate would be government funded. But if it boosted sales even on already retailed American made products increasing production and the need for more employees, wouldn't we save money on unemployment, work for welfare, etc ?
@Charlu - what about the products already being sold before the rebate. Let's say the U.S. company now sells 1,000 widgets but with rebate they sell 1,200 widgets. Is the rebate for all 1,200? Even though only 200 were incremental? When rebate ends?
@BuyaBiz Yes the rebate would be for all 1200 whereas it would be consumer based. Many rebates would probably never even be redeemed depending on the dollar amount and it would obviously be a promotional factor also. Success would determine the end
You are all right in reference to the tax break but what about a rebate, or some other type of "kickback "
It just seems like the more we export goods for manufacturing, etc, the more our economy seems to be declining and unemployment rising
@JThom42 - you have the answer. The Made in America Brand needs to mean something, but first there needs to be a certifying body, like Organic has so that there is an even playing field and a real system.