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US-China trade deficit records red ink figure
12 Jan '08
3 min read
H.R. 2942, the Fair Currency Act of 2007, introduced by Congressmen Tim Ryan (D-OH) and Duncan Hunter (R-CA) would discourage currency manipulation by giving injured parties the right to seek a remedy under U.S. countervailing duty (CVD) law.
AMTAC also encourages Congress to take up H.R. 2600, the Border Tax Equity Act, introduced by Congressmen Bill Pascrell (D-NJ), Duncan Hunter (R-CA), Mike Michaud (D-ME), and Walter Jones (R-NC). This legislation would eliminate the estimated $428 billion disadvantage to U.S. producers and service providers caused by the imposition and rebating of foreign value-added (VAT) taxes.
According to the U.S. Bureau of Labor Statistics, the average U.S. manufacturing job pays $713.09 per week compared to $388.59 per week for retail trade jobs.
AMTAC also encourages Congress to take up H.R. 2600, the Border Tax Equity Act, introduced by Congressmen Bill Pascrell (D-NJ), Duncan Hunter (R-CA), Mike Michaud (D-ME), and Walter Jones (R-NC). This legislation would eliminate the estimated $428 billion disadvantage to U.S. producers and service providers caused by the imposition and rebating of foreign value-added (VAT) taxes.
According to the U.S. Bureau of Labor Statistics, the average U.S. manufacturing job pays $713.09 per week compared to $388.59 per week for retail trade jobs.
American Manufacturing Trade Action Coalition
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