A broken tax policy: How Corporate America is allowed to subsidize the Communist Party of China
Why are we using tax policy to subsidize giant American corporations in their dependency relationship with the Communist Chinese dictatorship? For 30 years, American corporations have been helping build China into a massive industrial empire while collapsing manufacturing capacity here in the United States. That country now has a stranglehold on things essential to America, from pharmaceuticals to electronics to consumer goods, all because of a neoliberal fantasy that if we helped them become wealthy through trade they would become more democratic. American politicians in the pocket of big business went along with this bizarre plan to increase corporate...
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