Foreign Cars.

[Russix]

"The clearest gain concerns automobiles, hitherto a major US grievance and a large component of the bilateral trade deficit: during 2006, only about 4,000 US cars were sold in South Korea while South Korea's exports to the United States exceeded 800,000[2]. South Korean automakers sold 730,863 vehicles in the United States in 2005, while American auto companies sold only 5,795 in South Korea, according to Commerce Department figures[20]. The FTA will abolish taxes in South Korea on large cars produced in the United States, which US auto makers have long called an impediment to market access in Korea[16]."

http://en.wikipedia.org/wiki/South_K...rade_Agreement

We should be taxing the shit out of these car imports, who cares if we lose the sales of 4,000-6,000 vehicles.

[tahleel]

We should be taxing the shit out of these car imports, who cares if we lose the sales of 4,000-6,000 vehicles.

I agree with you, but for a different reason.

Taxing these vehicles will just raise the price of the vehicle for the consumer. It is a well known fact that buyers of import cars do not specifically buy imports because of their price, as most imports are actually more expensive than comparable "American cars". Furthurmore, American automobile manufacturers has to offer deep incentives to buy their vehicles, while most Foreign manufacturers offer little to no incentives at all. Most imports are sold at MSRP price, while "American" cars are sold well below list price.

The reason I agree that we should tax these vehicles is because it would create more revenue for the government, but at the cost of the consumer.

-Tahleel