Kenders' Musings

The UE is at it again: Threatening us with sanctions - over tax issues. Why should American business have to support the land of the freeloaders??

The European Union advised the World Trade Organization on Tuesday that it would reintroduce trade sanctions against the United States in two months unless Washington complies with a WTO ruling condemning tax breaks for U.S. companies operating overseas.

The 25-nation EU said, however, that it is still offering the United States ways to end the long-standing dispute without having to incur sanctions on lists of targeted products, including everything from textiles and foodstuffs to automotive parts and steel.

The announcement comes 30 days after a WTO panel upheld a decision condemning the tax breaks, affirming previous judgments that the so- called Foreign Sales Corporation, or FSC, law breached global trade rules by giving illegal subsidies to some U.S. businesses.

Tax breaks? I don't think so. These are not taxes. These are subsidies that support a way of life that is foreign to Americans; it's like a MAJOR nationwide UNION vs. America.

Oh wait. Europe is a UNION. LOL.