Seeds of Destruction: Why the Path to Economic Ruin Runs Through Washington, and How to Reclaim American Prosperity

Chapter Six: Why the Best “Jobs Program” May Be Trade Reform

“Foreign producers receive subsidies, tax abatements, free buildings, free energy. They do not pay taxes. They don’t have to pay Social Security, workman’s comp, disability or health care. They don’t have to match a 401(k) contribution. They are able to avoid more than 100 years of government regulations put on American businesses. OSHA does not exist in most developing nations. They use electricity that would never be allowed to be generated in the United States due to lack of pollution controls. The U.S. Environmental Protection Agency employs 17,000 workers. China’s state environmental protection administration employs only 300.”

R. McCormack, Manufacturing a Better Future for ...