to those who say it is not significant, nor should it be debated today that the American taxpayers will be asked to be unwilling accomplices to the tobacco industry at a cost of $100 million per year; that the pharmaceutical industry will get about $123 million per year as a reward for selling pharmaceuticals at lower prices abroad than they do here at home; that military contractors will get a doubling of their tax subsidy under this bill as they sell machine guns and land mines and other armaments around the world to fuel the world's arms races; that all of these things should be ignored, because in order to protect American jobs, we have to beat the clock before October 1, one wonders why it is that we do not even have this bill presented until 4:09 in the afternoon on September 12, if we, indeed, face such a crisis. In fact, we do not face such a crisis. The United States has never asked the Europeans for an extension of this deadline in order to explore other alternatives, and our country has every right to make that request. An opinion article in an authority no more extreme than Business Week on September 4 correctly said "it's time to call a halt to such waste by both sides . . . the administration should drop its plan to expand FSC, get back to the negotiating table, and start proposing some real solutions such as eliminating export subsidies."
Editor's note · Context
Addressing concerns over a bill related to tax subsidies and its implications for American taxpayers.
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