Susan Collins: “I believe prior to the income tax, our revenues did come from tariffs and excise taxes which dealt with trade. I fully…”

“I believe prior to the income tax, our revenues did come from tariffs and excise taxes which dealt with trade. I fully agree with my colleague. I think it would be an excellent opportunity for our workforce in America to become more competitive with workforces in other parts of the world and would make us more competitive in the world market because we then would have a way to take all of the tax costs out of production of goods and service, whether we use them domestically or whether we export them; and it would be added back to any product that we imported, making it more fair and giving us not an advantage, but a more level playing field to be able to trade and compete in the world market. I appreciate the gentleman's time and efforts.”