The need to Build Back Better is clear. America is falling
deeper and deeper into an economic pit, and income inequality has reached
historic levels, polarizing our nation. Key parts of BBB are critical to restoring
rapid, widely shared growth based on growing productivity, not on growing debt.
Approving the Competitive Dollar for Jobs and Prosperity
Act (CDJPA), which has already been introduced in the Senate, would introduce a Market Access Charge (MAC) on foreigners trying to speculate in America's financial markets that could (a) fully
finance BBB without new taxes on Americans and without cutting
essential current programs, and (b) stimulate an industrial renaissance
in America that would put millions of Americans to work in well-paying
middle-class jobs, end our trade deficits and our slavish dependency on China,
and sharply increase America's growth while reducing its internal and external debts.
John R. Hansen, International Economist
