TPP (TAA/TPA) the next "Repeal Obamacare."
We are witnessing the Federal House giving rebirth of a defeated bill. Are they not able to comprehend a failed bill?
Eventually, the American public will be witnessing the 35th vote on TAA. There hasn't been an election between these votes.
Ah, there we go, Ryan said there are all sort of strange myths about the legislation.
See, the Republicans don't believe they will be consulted on the trade agreements. They are correct. There is no debate over any negotiated Fast Track. There is only an up or down vote. So, from the perspective of many Republicans that is not sufficient for them. They want the ability to bring issues to the House floor once the agreements are settled.
These agreements are not credibility issues. Wow, global reputation relies on exploitation of the American people. Retreat. Oh, is that what this is? The US House never retreats. Well, I have to agree with Ryan on that one.
Representative Levin has gotten to the heart of opposition to the agreements. Intimidation to pass laws adverse to the issues we face today in the USA. Well, said. A simply yes or no vote is not about deciding the benevolent nature of international trade.
Rep. Levin points to the history of these agreements. Millions of job losses and inhibition of the economic growth of the USA. There are no reliable labor standards within these agreements. Environmental issues cannot be guaranteed even to the American people.
Congressman Levin states the legislature has a responsibility to the people and these agreements does not provide for that responsibility.
Rep. Becerra states the countries involved in the agreements are cheating by manipulating their currency. Congress is asked to accept that and enforce the rules in the agreements. The agreements enforce cheating. Is cheating fraud?
I don't think cheating is fraud. I think it is a blatant assault against the economy of the USA. This is exposed cheating. It is known. Part of fraud is that it is unknown and then revealed.
Oh, dear, according to a Republican House member the vote has to be expedited so the entire Congress can return home following the horrible shootings last night. That is an excuse and not a valid reason. The Congresspersons whom's district(s) are involved in such community trauma can leave without effecting debate. Honestly. Any excuse is a good excuse.
Rep. Pascrell submits this current agreement is not the same one that was voted on Friday. He states to vote, "No." He has submitted a good bill that benefits the American people that would allow pensions be paid without tax penalties from age of retirement. He states the USA is taking a backseat in relation to trade. He states there won't be any American cars in these countries. He states the bill with South Korea has replaced any American cars in the region.
Rep. David Scott states there is significant offshoring of large incomes to the companies that would involved in this bill.
Rep. Barbara Lee is stating Congress is attaching the TAA to legislation regarding "African Growth and Opportunity Act" to intimidate House members to vote for TAA.
Rep. Shurman states TAA (Trade Adjustment Assistance) creates a net loss to the USA Treasury of $100 billion. The bill also excludes NAFTA. All regulations in NAFTA will still stand.
I think this is the bill Rep. Pascrell is referring to:
SEC. 2. CREDIT FOR INSOURCING EXPENSES. (click here)
(a) In General- Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section:
I did not read this yet. But, it is the one bill he has that involves changes in IRS statues.
Rep. Tiberi states the USA has a trade surplus with NAFTA. ?????????????? It sounds right in that a trade surplus in the USA means companies are losing profits through surplus manufacturing. I don't get it. It has to be looked into. It does not make sense.
Introduction (click here)
Twenty years after its implementation, the North American Free Trade Agreement, or NAFTA, has helped boost intraregional trade between Canada, Mexico, and the United States, but has fallen short of generating the jobs and the deeper regional economic integration its advocates promised decades ago. Trade relations have broadened substantially, and U.S. manufacturers created supply chains across North America that have made companies more globally competitive. These factors may have stimulated economic growth; Canada has expanded at the fastest average rate and Mexico at the slowest. But economists still debate NAFTA's direct impact, given the many other economic forces at play and the possibility that trade liberalization might have happened even without the agreement. Both advocates and critics of the treaty have lobbied for changes to NAFTA, but momentum has stalled and is likely to be overtaken by larger trade agreements under negotiation such as the Trans-Pacific Partnership and the Transatlantic Trade and Investment Partnership....
Trade Surplus is a fluid issue. Trade Surplus states there is more export than import. Trade Surplus happens in many dimensions and does not necessarily make an agreement a benevolent legislation. After 20 years NAFTA may have created a trade surplus in the meaning of Import-Export Ratio, but, it was established at the cost of American labor and jobs.
It is a known fact the USA imports far more than it exports. The American people have lost good paying jobs due to NAFTA. No magical definition of Trade Surplus within NAFTA is going to mask the truth as to how that occurred. The fact of the matter is NAFTA created a hostile environment for American manufacturing.
April 2015 Trade Gap is $40.9 billion (click here)
The U.S monthly international trade deficit decreased in April 2015 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $50.6 billion in March (revised) to $40.9 billion in April, as exports increased and imports decreased. The previously published March deficit was $51.4 billion. The goods deficit decreased $9.3 billion from March to $60.7 billion in April. The services surplus increased $0.4 billion from March to $19.8 billion in April....
This is the bill that passed the House today in response to Senate amendment. It gives preference to federal law enforcement officers, firefighters, and air traffic controllers to allow penalty free withdrawals from government pension plans at the age of 50. It removes any income to the US Treasury in this instance.
Both measures may increase circulating currency in the USA, but, with minimal impact in relation to the damage it does to the USA Debt.
The Highway Bill is in limbo because Ryan won't allow gas tax to increase. The President proposed a Highway Bill in March 2015. The Senate approved a two month extension in May 2015.
Grover Norquist arrives to prevent funding for the Highway Bill.
May 23, 2015
By Bernie Becker and Jordain Carney
...But to pay for it, (click here) Republicans say there’s no chance that an increase of the gas tax – the major cog in the Highway Trust Fund – can make it through Congress. The gas tax covers only about $34 billion of the $50 billion the federal government spends each year on roads.
And while some GOP leaders have floated the idea of pairing tax reform and a highway bill, Republican tax writers in both chambers are far from sure that sort of plan is feasible.
“We’re not even near doing tax reform at this point,” Hatch told reporters this week....
Now on the House floor HR 1190
To repeal (click here) the provisions of the Patient Protection and Affordable Care Act providing for the Independent Payment Advisory Board.
Supposedly this part of the ACA rations health care.
The Independent Payment Advisory Board (IPAB) (click here).
...IPAB is specifically prohibited by law from recommending any policies that ration care, raise taxes, increase premiums or cost-sharing, restrict benefits or modify who is eligible for Medicare....
There was a controversy about these provisions when the health care bill was first voted on. This is the "Death Panel" thing. The Board is an advisory board no different than any other advisory board. It does not have power greater than any legislative body.
This is politics again. The advisory board does not even exist yet and may never exist if the need for their purpose never manifests. It is all politics and scare tactics.
Congress then has the power to accept or reject these recommendations. If Congress rejects the recommendations, and Medicare spending exceeds specific targets, Congress must either enact policies that achieve equivalent savings or let the Secretary of Health and Human Services follow IPAB’s recommendations.
We are witnessing the Federal House giving rebirth of a defeated bill. Are they not able to comprehend a failed bill?
Eventually, the American public will be witnessing the 35th vote on TAA. There hasn't been an election between these votes.
Ah, there we go, Ryan said there are all sort of strange myths about the legislation.
See, the Republicans don't believe they will be consulted on the trade agreements. They are correct. There is no debate over any negotiated Fast Track. There is only an up or down vote. So, from the perspective of many Republicans that is not sufficient for them. They want the ability to bring issues to the House floor once the agreements are settled.
These agreements are not credibility issues. Wow, global reputation relies on exploitation of the American people. Retreat. Oh, is that what this is? The US House never retreats. Well, I have to agree with Ryan on that one.
Representative Levin has gotten to the heart of opposition to the agreements. Intimidation to pass laws adverse to the issues we face today in the USA. Well, said. A simply yes or no vote is not about deciding the benevolent nature of international trade.
Rep. Levin points to the history of these agreements. Millions of job losses and inhibition of the economic growth of the USA. There are no reliable labor standards within these agreements. Environmental issues cannot be guaranteed even to the American people.
Congressman Levin states the legislature has a responsibility to the people and these agreements does not provide for that responsibility.
Rep. Becerra states the countries involved in the agreements are cheating by manipulating their currency. Congress is asked to accept that and enforce the rules in the agreements. The agreements enforce cheating. Is cheating fraud?
I don't think cheating is fraud. I think it is a blatant assault against the economy of the USA. This is exposed cheating. It is known. Part of fraud is that it is unknown and then revealed.
Oh, dear, according to a Republican House member the vote has to be expedited so the entire Congress can return home following the horrible shootings last night. That is an excuse and not a valid reason. The Congresspersons whom's district(s) are involved in such community trauma can leave without effecting debate. Honestly. Any excuse is a good excuse.
Rep. Pascrell submits this current agreement is not the same one that was voted on Friday. He states to vote, "No." He has submitted a good bill that benefits the American people that would allow pensions be paid without tax penalties from age of retirement. He states the USA is taking a backseat in relation to trade. He states there won't be any American cars in these countries. He states the bill with South Korea has replaced any American cars in the region.
Rep. David Scott states there is significant offshoring of large incomes to the companies that would involved in this bill.
Rep. Barbara Lee is stating Congress is attaching the TAA to legislation regarding "African Growth and Opportunity Act" to intimidate House members to vote for TAA.
Rep. Shurman states TAA (Trade Adjustment Assistance) creates a net loss to the USA Treasury of $100 billion. The bill also excludes NAFTA. All regulations in NAFTA will still stand.
I think this is the bill Rep. Pascrell is referring to:
SEC. 2. CREDIT FOR INSOURCING EXPENSES. (click here)
(a) In General- Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section:
I did not read this yet. But, it is the one bill he has that involves changes in IRS statues.
Rep. Tiberi states the USA has a trade surplus with NAFTA. ?????????????? It sounds right in that a trade surplus in the USA means companies are losing profits through surplus manufacturing. I don't get it. It has to be looked into. It does not make sense.
Introduction (click here)
Twenty years after its implementation, the North American Free Trade Agreement, or NAFTA, has helped boost intraregional trade between Canada, Mexico, and the United States, but has fallen short of generating the jobs and the deeper regional economic integration its advocates promised decades ago. Trade relations have broadened substantially, and U.S. manufacturers created supply chains across North America that have made companies more globally competitive. These factors may have stimulated economic growth; Canada has expanded at the fastest average rate and Mexico at the slowest. But economists still debate NAFTA's direct impact, given the many other economic forces at play and the possibility that trade liberalization might have happened even without the agreement. Both advocates and critics of the treaty have lobbied for changes to NAFTA, but momentum has stalled and is likely to be overtaken by larger trade agreements under negotiation such as the Trans-Pacific Partnership and the Transatlantic Trade and Investment Partnership....
Trade Surplus is a fluid issue. Trade Surplus states there is more export than import. Trade Surplus happens in many dimensions and does not necessarily make an agreement a benevolent legislation. After 20 years NAFTA may have created a trade surplus in the meaning of Import-Export Ratio, but, it was established at the cost of American labor and jobs.
It is a known fact the USA imports far more than it exports. The American people have lost good paying jobs due to NAFTA. No magical definition of Trade Surplus within NAFTA is going to mask the truth as to how that occurred. The fact of the matter is NAFTA created a hostile environment for American manufacturing.
The U.S monthly international trade deficit decreased in April 2015 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $50.6 billion in March (revised) to $40.9 billion in April, as exports increased and imports decreased. The previously published March deficit was $51.4 billion. The goods deficit decreased $9.3 billion from March to $60.7 billion in April. The services surplus increased $0.4 billion from March to $19.8 billion in April....
This is the bill that passed the House today in response to Senate amendment. It gives preference to federal law enforcement officers, firefighters, and air traffic controllers to allow penalty free withdrawals from government pension plans at the age of 50. It removes any income to the US Treasury in this instance.
H.R.2146 - Defending Public Safety Employees' Retirement Act (click here)
I do not see where this is paid for by the US House. The House also removed excise tax on medical devices within the Affordable Care Act. The revenues to the USA Treasury is not paid for either.Both measures may increase circulating currency in the USA, but, with minimal impact in relation to the damage it does to the USA Debt.
The Highway Bill is in limbo because Ryan won't allow gas tax to increase. The President proposed a Highway Bill in March 2015. The Senate approved a two month extension in May 2015.
Grover Norquist arrives to prevent funding for the Highway Bill.
May 23, 2015
By Bernie Becker and Jordain Carney
...But to pay for it, (click here) Republicans say there’s no chance that an increase of the gas tax – the major cog in the Highway Trust Fund – can make it through Congress. The gas tax covers only about $34 billion of the $50 billion the federal government spends each year on roads.
And while some GOP leaders have floated the idea of pairing tax reform and a highway bill, Republican tax writers in both chambers are far from sure that sort of plan is feasible.
“We’re not even near doing tax reform at this point,” Hatch told reporters this week....
Now on the House floor HR 1190
To repeal (click here) the provisions of the Patient Protection and Affordable Care Act providing for the Independent Payment Advisory Board.
Supposedly this part of the ACA rations health care.
The Independent Payment Advisory Board (IPAB) (click here).
...IPAB is specifically prohibited by law from recommending any policies that ration care, raise taxes, increase premiums or cost-sharing, restrict benefits or modify who is eligible for Medicare....
There was a controversy about these provisions when the health care bill was first voted on. This is the "Death Panel" thing. The Board is an advisory board no different than any other advisory board. It does not have power greater than any legislative body.
This is politics again. The advisory board does not even exist yet and may never exist if the need for their purpose never manifests. It is all politics and scare tactics.
Congress then has the power to accept or reject these recommendations. If Congress rejects the recommendations, and Medicare spending exceeds specific targets, Congress must either enact policies that achieve equivalent savings or let the Secretary of Health and Human Services follow IPAB’s recommendations.
