Jan 31, 2019

Freedom Partners: So-Called ‘Buy America’ Policy Hurts Taxpayers

Post by Freedom Partners

Arlington, VA – A new executive order signed by President Trump today could make government projects more expensive and slower to complete, hurting taxpayers.

Freedom Partners Executive Vice President Nathan Nascimento issued the following statement:

“With this action, the government is stepping in and dictating winners and losers at the expense of taxpayers who will foot the bill for projects that are needlessly more expensive, take far longer to build, and create a nightmare of bureaucratic red-tape. A better approach is to lower barriers to entry to increase competition and get taxpayers the best value on the dollar. We urge the administration to reject protectionist measures like this that hurt America.”

Background:

Trade principles

  • The United States should eliminate all trade barriers, regardless of other countries’ trade policies, in order to provide Americans lower prices, more jobs and bigger paychecks, and to drive innovation through competition.
  • Individuals and businesses in a competitive market, not government bureaucrats or politicians, should guide trade decisions.
  • Punitive measures such as tariffs and quotas are an unjust government intrusion into the lives of hardworking Americans. They violate the property and associational rights of individuals and should all be eliminated.
  • Subsidies and other forms of government supports for powerful and politically connected businesses and industries do not create value. They punish consumers, burden taxpayers, insulate businesses from market competition, and should be eliminated.
  • Trade disputes should be resolved through existing international trade agreements and organizations.
  • While national security interests may be a consideration in trade policy, they should be used to restrict trade only when there is truly a narrow national security interest at stake, not as a workaround to impose tariffs.