Donald Trump’s thinking on this issue is in line with our Founding Fathers thinking. And our Founding Fathers use of its power over commerce and taxation was very much responsible for America becoming the economic marvel of the world. Unfortunately our modern-day Congress has become infested with disloyal money hungry members who are more than willing to sell out America to foreign manufactures to personally profit in the process! When these members of Congress talk about “free trade”, they are talking about allowing foreign manufactures to freely flood our market with untaxed cheap inferior goods which are produced under slave labor conditions, while Congress then freely taxes America’s manufactures, industries and labor via income taxation to fill its national treasury which increases the production costs of American manufactures goods. That is what “free traders” mean on Capitol Hill when they talk about “free trade” ___ soak the American people and give a free ride to foreign manufactured goods. Is there any wonder why most of America’s manufacturers have fled America?
By contrast, instead of taxing our domestic manufactures, industries and labor to fill our national treasury, our founding fathers taxed at our water’s edge as a first means to raise a federal revenue and had foreigners paying for the privilege of doing business on America soil, just as one does when selling their goods and wares at a flea market! What a novel idea … an America first policy which begins at our water’s edge!
Madison sums up our trade policy as follows during the creation of our Nation‘s first revenue raising Act
“…a national revenue must be obtained; but the system must be such a one, that, while it secures the object of revenue it shall not be oppressive to our constituents.”
The Act went on to tax specifically chosen imported articles and not one dime was raised by taxing American domestic manufacturers, the working man’s wage, or the returns on invested capital ___ all of which contributed enormously to America becoming the economic marvel of the world! It should also be noted the Act was signed by George Washington on July 4th, 1789, as if to give England a second notice of America’s independence while exercising her power to tax foreign imports in order to fill our national treasury.
In addition to imposing a specific amount of tax on specifically chosen articles imported, our founding fathers imposed an across-the-board tax on imports which was higher for imports arriving in foreign owned foreign built vessels, and discounted the tax for imports arriving in American owned American built ships:
"…a discount of ten percent on all duties imposed by this Act shall be allowed on such goods, wares, and merchandise as shall be imported in vessels built in the United States, and wholly the property of a citizen or citizens thereof." see: An Act imposing duties on Tonnage July 20, 1789
This patriotic use of taxing at our water’s edge not only filled our national treasury, but gave American ship builders a hometown advantage and predictably resulted in America’s ship building industry to flourish and America’s merchant marine to become the most powerful on the face of the planet. Unfortunately, last time I visited the docks in New York’s Hell’s Kitchen area, I was very saddened that I could no longer read the names on the docked ships as they all seem to now be foreign owned foreign built vessels…an irrefutable sign of America’s decline traceable to the ravages of our international “free trade crowd” and the sellout of America’s sovereignty to the highest international bidders.
I believe if Donald Trump continues to defend America’s best interests as he does with promoting a tariff on China’s goods, and also offers real tax reform by proposing to withdraw Congress’ power to lay and collect taxes calculated from profits, gains and other incomes and supports the*** Fair Share Balanced Budget Amendment***, he will most likely be embraced by the American People as opposed to our Washington Establishment Candidates like Rubio, Cruz and Paul, each of whom is determined to keep the immoral and arbitrary tax calculated from incomes alive which has proven to be a failed experiment and which our federal government has defiantly used for nefarious purposes, and particularly as a weapon against the American People!
“Honest money and honest taxation, the Key to America’s future Prosperity“ ___ from “Prosperity Restored by the State Rate Tax Plan”, no longer in print.