National trade deficits occur when a nation imports more products than it exports. This basically means, the U.S. sends out more money to foreign nations than it brings back through product sales.
Our national trade deficit plays an important role in our economic stability. We need to start producing more exportable products here at home to effectively shift the deficits we are now facing.
In order to effectively change our trade deficits from negative actions to positive ones, we must look at three crucial areas of production. The first is energy production. The second is agricultural production. The third is the “made in America” project.
Currently, the alternative energy industry is very small. Through legislation we can temporarily decrease corporate and business tax rates in that field which will allow for growth and development. As the field develops and becomes more mainstream, we can increase exports and pave a path to becoming a world wide industry leader. By growing the alternative energy industry of biodiesel, wind and solar, we will also be creating jobs that will be there well into the future.
We must also start shifting our focus onto local and domestic agricultural production. We have the capability to grow our own crops in the United States but we continue to import common fruits and vegetables from nations thousands of miles away. By growing these products here at home we will not only be shifting the trade deficit but also increasing the quality and freshness of our foods. This initiative will also contribute to job growth in agriculture.
The “made in America” project is a proposal that I am drafting that would grant a temporary tax freedom on all products that are developed, created, and assembled within the United States by U.S. citizen work forces.
We must stabilize the trade deficits we face and make positive efforts to improve legislation that promotes U.S. product development and exports.
I thank you for your support and encourage you to vote in both the primary and general elections in the fall of 2012.
Written By R.W. Jenna
Arizona District # 6