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Bowing and Scraping for the WTO
February 28, 2005
The World Trade Organization, which the United States joined in 1994, has been disastrous for American sovereignty. A tax bill passed last year provides a vivid example of just how blatantly Congress is surrendering our sovereignty to quasi-governmental bodies like the WTO. For years, high-tax Europe has objected to how we tax American companies on their overseas earnings. The EU took its dispute to the WTO grievance board, which voted in favor of the Europeans. The WTO ruling was clear: Congress must change American law to comply with European rules.
Make no mistake about it: WTO ministers tell Congress to change American laws, and Congress complies. In fact, congressional leaders obediently scrambled to make sure the corporate tax bill passed before a WTO deadline. Thousands and thousands of bills languish in committees, yet a bill ordered by the WTO was pushed to the front of the line.