Economy
Americans Buckle Beneath Bipartisan Market Interference
By AAF | Aug 23, 2024
As Americans struggle to deal with an uncertain economy and the weight of inflation bearing down on them, many have begun to realize that a myriad of government interventions are to blame for some of their financial woes.
Tariffs, or taxes on imported goods, are often used by governments to punish other governments or to give local businesses an advantage over foreign companies even if the foreign companies produce a better product at a lower price.
While the message of protecting local businesses hits home for most, this form of government intervention in trade is not without its consequences.
As Reason reports, “Policymakers should acknowledge that protectionist measures lead to higher consumer prices,” which ultimately leads to the American public abandoning their support for these policies.
So, how can the government give American businesses a leg up without causing more pain in the wallet for the average consumer?
The answer is simple: by allowing the free market (and real capitalism) to thrive!
The answer isn’t more government intervention in the market. It is less.
By cutting regulations and slashing taxes, the cost of doing business would drop, allowing American companies to lower their prices and maintain an advantage over their global competitors.
Members of American Action Fund’s Liberty Coalition recognize this fact, which is why they’ve passed nearly 40 bills to roll back government regulations and have sponsored countless more.
From rolling back zoning restrictions to eliminating occupational licensing schemes, there is so much work to be done to rein in a government run rampant with lofty ideas of protecting the people when we simply need to be left alone.
In Idaho, Sen. Tammy Nichols eliminated the Board of Cemeterians.
In Oklahoma, Sen. Nathan Dahm passed a bill to allow cosmetologists to conduct house calls.
In Texas, Mayes Middleton and Jonathan Stickland passed a law prohibiting local governments from interfering with lemonade stands and other small businesses.
Some of these may seem like minor examples of deregulation, but every little bit counts in business.
For many companies, it’s death by a thousand cuts as they attempt to navigate the bureaucratic minefield standing between them and their ability to provide value to the community.
If the United States is going to protect its own while remaining competitive on the global stage, deregulation, rather than protectionist tariffs that harm the American consumer, is how America will triumph.
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