"Merchants have no country. The mere spot they
stand on does not constitute so strong an attachment
as that from which they draw their gains."
- Thomas Jefferson, 1814
Abundant Life Amendment™ Article – 3
Commercial Righteousness Act
PART - 1 Starting on the First Day, of the First Year, following acceptance of this proposal as an amendment to the Constitution, the language of this amendment will become Law.
PART – 2 All federal laws allowing tax credits for any expenses relating to foreign investments or activities by any company, corporation, union, association, group or individual, subject to jurisdiction of the Congress of the United States are repealed.
PART – 3 No one listed in PART - 2 of this proposal will be allowed to claim or benefit on any tax form or record, any expenses relating to foreign investments or activities, nor will they be allowed to claim any losses relating to any foreign investments or activities.
PART – 4 Foreign investment and/or activities (both competitive and non) are defined as, but not limited to: investment in any company, corporation, individual effort, or monetary investment system, regardless of proprietorship of the intended investment effort, and/or country of the intended investment or activities, located outside of the jurisdictional area of the Congress of the United States.
PART – 5 Any money or anything of monetary value removed from the U.S. economy for competitive foreign investment or activities will be subject to a twenty-percent (20%) tax, regardless of any other profits or losses claimed by the claimant. Monetary value shall include, but is not limited to: cash, or any other type of cash valued documents, property, services, or the value of technology - technology shall include any patented or otherwise registered ideas, or processes.
PART – 6 No losses relating to the closure of factories or other operations in the United States will be allowed - except in the case of displaced employee related benefits - if the company, corporation, individual, or an affiliation has investments in competitive foreign activities or properties, or intends to make an investment within two (2) years in competitive foreign activities, properties, factories or operations that would benefit from the closures. Violations of this PART will result in a retroactive tax of ten times (10 x =) that of any losses claimed as they relate to this PART during that two (2) year period.
PART – 7 All companies, corporations, or individuals with headquarters located outside of the jurisdictional area of the Congress of the United States will be treated as foreign; and all manufacturing and/or service providers located outside of the jurisdictional area of the Congress of the United States will be treated as foreign - regardless of parenthood of same, or country of the activity. All manufacturing and/or service providers within the jurisdictional area of the Congress of the United States will have priority bidding rights on all federal government supply and service contracts of all Made In The USA products or services; any items not available internally will be open for bidding internationally (without bias of parenthood or provider) by all manufacturing and/or service providers of other democratically governed nations provided the product(s) or service are created within the frame work of humane and competetive behavior.
PART – 8 Upon acceptance of this Article, no agency of Federal Government will issue or grant any type of loan guarantees, or insurance relating to foreign investments. Any guarantees or insurance issued before one (1) year prior to the acceptance date of this Article will be honored; however any guarantees or insurance will be non transferable to any type of new owerneship. Any guarantees or insurance issued after the above date will be repealed upon acceptance of this Article.
PART – 9 In all matters of dispute, the spirit of this Article will be predominate to the letter of this Article.
PART – 10 The language of this Article shall be deemed superior to any federal laws, laws of the states, or parts of the Constitution with which it may conflict.
PART – 11 The Congress shall have the power to enforce by appropriate legislation the provisions of this Article.
PART – 12 The Title of this amendment shall be known as: Abundant Life Amendment - Article Three
PART – 13 The language of this Article and Application Guidance section can only be amended by a majority vote of the People via a public referendum.
Application Guidance Section
Along with any other language in the amendment, examples of items not recordable as allowable business operating expenses include: Travel expenses relating to competitive foreign investments, personnel wages (including that for salaried personnel) while working on competitive foreign investment projects, office supplies, phones, faxes, computers, legal fees, etc. . . . . Note: This proposal does not in anyway prohibit the recording of the normal everyday costs of business expenses relating to the buying or selling of foreign-made products and/or services that are not financially partnered, or otherwise affected by the language of this Article.
Example – 1 A company obtains products or services from a foreign company in which they, or an affiliate, do not have investments in - cost of the products and/or services related acquisitions expenses would be allowable deductions, except, no costs for service providers, if the service provider is providing the service from a location outside of the jurisdictional area of the Congress of the United States is allowed. Only products shipped directly to the United States for use within the jurisdictional area of the Congress of the United States are allowed deductions. Expenses relating to products shipped from one foreign country to another foreign country (such as parts that will become part of something that will then be shipped to the United States) are not allowable enpense deductions. Once the product is within the U.S. borders related expenses then become allowable deductions.
Example – 2 If a retailer, wholesaler or distributor in the United States were to buy 10,000 TVs from a manufacture in another country that they have any vested interest in (partnership, stocks, or other types of financial connections directly or indirectly via an affiliation) only the cost of the merchandise and transportation cost of shipping to the United States would be recognized as allowable business expenses. However, any cost relating to the acquisitions of the products or services would not be allowable deductions: Travel Expenses, Wages, etc. ... as the importer is buying from within its self and outside of the United States. Once inside of the United States any cost of movement, distribution, or other normal operating expenses would be allowable. The use of a wholesaler or distributor, or any type of a middle man to avoid showing a relationship to the manufacture is not allowed. Any Company (or other) found guilty of non-allowable expense deductions will be fined Ten Times (10 x =) the suggested retail value of the products or services affected.