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He recommends tightening accelerated depreciation, but that could discourage manufacturing investment.
"Anything that increases the cost of manufacturing across the board in California will discourage manufacturing here.
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For it is aimed squarely at discouraging manufacturing abroad by American companies.
Spain discouraged manufacturing in its colonies and limited trade to Spanish goods handled by Spanish merchants and carried on Spanish vessels.
The resulting inflation eventually discourages domestic manufacturing because the purchasing power of the country's middle class and poor is wiped out.
This would lift consumers' real purchasing power, discourage excessive investment in manufacturing and help to reduce the trade deficit further.
In his State of the Union speech, President Obama proposed several additional changes in business taxes to discourage the outsourcing of manufacturing jobs and to encourage their creation in the United States.
For example, so-called "escalating tariffs," which tax processed goods at a far higher rate than unprocessed products mean that manufacturing tariffs discourage developing countries from undertaking the higher value-added activities that create jobs and boost incomes.
Mr Kerry's proposals fall into two categories: tax reform to promote manufacturing and discourage firms from sending jobs abroad; and a trade strategy focused on aggressive enforcement of existing trade laws.Mr Kerry's corporate-tax proposal would reduce that tax rate from 35% to 33.25%, while eliminating the ability of American firms to defer taxes on the profits of their foreign subsidiaries.
Mr. Trump emphatically underscored his willingness to drop out of Nafta unless Mexico and Canada agreed to negotiate new terms that would discourage American companies from moving manufacturing out of the United States.
I enjoy working in manufacturing and would not discourage my kids from it, however, there are fewer and fewer job opportunities in this type of work.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com