- The Foundry: Conservative Policy News Blog from The Heritage Foundation - http://blog.heritage.org -
The Tax on Mother’s Day Flowers
Posted By Bryan Riley On April 29, 2011 @ 2:15 pm In Economics | Comments Disabled
With Mother’s Day around the corner, you better look out. It’s going to cost more than usual to send your mom a bouquet of flowers this year.
Earlier this year, Congress allowed the Andean Trade Preference and Drug Eradication Act (ATPDEA) to expire. As a result:
In this economy, if prices go up, consumers will buy fewer flowers. This isn’t a product like milk where you can just pass on the cost. In the first 15 days of the ATPDEA coverage lapse in February, our businesses had to pay more than $850,000 in tariffs that no one had anticipated or budgeted for. You can’t go to the bank to borrow the money as many banks aren’t loaning money for working capital needs. We’ve already had several floral companies close their doors.
The proposed U.S.–Colombia Trade Promotion Agreement would remove almost all taxes on trade between people in the United States and Colombia, making Mother’s Day flowers more affordable in the future. But there’s an even better reason to support such trade agreements: As The Heritage Foundation’s Index of Economic Freedom  shows, countries with low trade barriers have higher living standards and less poverty than countries with high trade barriers. Whether someone lives in Bogota or Boston, that’s a result to be desired.
Article printed from The Foundry: Conservative Policy News Blog from The Heritage Foundation: http://blog.heritage.org
URL to article: http://blog.heritage.org/2011/04/29/the-tax-on-mother%e2%80%99s-day-flowers/
URLs in this post:
 70 percent: http://www.smithsonianmag.com/people-places/The-Secrets-Behind-Your-Flowers.html
 Index of Economic Freedom: http://www.heritage.org/index/
Copyright © 2011 The Heritage Foundation. All rights reserved.