Export prices will be more competitive from "summary" of The Fair Tax Book by Neal Boortz,John Linder
When a country adopts the FairTax, it eliminates all taxes on exports. This means that American goods and services will no longer be burdened with the costs of corporate taxes, payroll taxes, and other embedded taxes. As a result, the prices of American exports will suddenly become more competitive in the global marketplace. Foreign buyers will be more likely to choose American products because they will be cheaper than those from countries that still have high taxes on exports. When export prices are more competitive, American companies will be able to sell more goods and services overseas. This increase in exports will lead to higher revenues for American businesses, which in turn will create more jobs and boost economic growth. As American companies expand their operations to meet the increased demand for their products, they will need to hire more workers. This will reduce unemployment and provide more opportunities for Americans to find good-paying jobs. In addition, when American companies are able to sell more goods and services overseas, they will be able to generate more profits. These profits can be reinvested in research and development, innovation, and expansion. This will make American companies more competitive in the global marketplace and help them stay ahead of their foreign competitors. Ultimately, the elimination of taxes on exports under the FairTax will benefit American businesses, workers, and the economy as a whole. By making American exports more competitive, the FairTax will help strengthen the American economy and create a more prosperous future for all Americans. It will enable American businesses to thrive in the global marketplace and provide more opportunities for American workers to succeed. The FairTax is a bold and innovative proposal that has the potential to revolutionize the way we do business and ensure America's economic success in the 21st century.
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