K-12 Tax Base Climate: A Plan for the Western World’s Revival
Since World War II, America has fostered economic and military relations, trading with more than 100 nations and forming more than 50 military alliances. The levers to accomplish our foreign-policy goals include trade policy, through tariffs, quotas, investment policies, regulatory barriers and other instruments. Another lever is industrial policy, which encompasses subsidized loans, tax rules, export credits, immigration policies, government investment and development finance.
We need to exercise all these tools to protect national security and resiliency. Foreign economic policy should maximize growth and competitiveness, both in the U.S. and for American companies doing business internationally. This would strengthen our allies economically and bind them closer to the U.S. and like-minded Western democracies. If the economic and military bonds among the world’s democracies weaken, there could be negative consequences for America. Our adversaries want to see our allies far less dependent on the U.S. and far more dependent on them.
