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Discover a wealth of insightful materials meticulously crafted to provide you with a comprehensive understanding of the latest trends.

Housing, Taxes

“Buy America” Rips Off America

January 1, 2006 staff

“Buy America” provisions have been insterted into legislation, especially defense bills, for many years.  Usually, such provisions are removed from the final version of the defense legislation.  That happened late last year, when Senate leaders and administration officials convinced House Services Committee Chairman Duncan Hunger (R-Calif.) to drop the provision from the fiscal 2006 Defense Authorization Act, which was then signed into law by President Bush.  The Buy America clause would have blocked the Pentagon from buying military equipment from international companies that receive government subsidies.  The removal of this language constitutes a victory for taxpayers and national security.  More competition in Defense procurement can only result in better value for taxpayers and improved equipment for military personnel. 

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