Today, 157 other countries use a VAT tax system that gives foreigners a large and unfair advantage over U.S. producers in both our markets and in foreign markets. This two-edged sword cost American producers $327 billion in 2006.
This problem description is excerpted from "Let's Get Rid Of Foreigners' $327 Billion Trading Advantage,"
originally published on the Eagle Forum on April 25, 2007. Used with permission.