A new caucus of supporters of the Trans-Pacific Partnership agreement under negotiation was launched yesterday in the US Congress.
The Friends of the Trans-Pacific Partnership (TPP) caucus is headed by four co-chairman: Republican Reps. David Reichert of Washington and Charles Boustany of Louisiana, and Democratic Reps. Ron Kind of Wisconsin and Gregory Meeks of New York.
Outside Salt Lake City’s Grand America Hotel on Tuesday, the rains fell, the speakers rose, the marchers chanted.
Inside, top trade negotiators from the United States and 11 other Pacific Rim nations perhaps discussed imports and exports, profits and products, prices and patents. The exact topics aren’t known. The talks were closed.
We wrote yesterday that this deal, the Trans Pacific Partnership, already looked to be in trouble given both Congressional and foreign opposition. The Administration has conducted the talks with an unheard-of degree of secrecy, with Congressional staffers in most cases denied access to the text and even Congressmen themselves facing unheard-of obstacles (Alan Grayson reported that the US Trade Representative created an absurd six weeks of dubious delays in his case).
The New York Times reported serious worry in the U.S. Congress about the Trans Pacific Strategic Economic Partnership Agreement (TPP for short), a massive new free trade deal being pushed by the United States with the involvement of 11 other countries on both sides of the Pacific. About 170 Congresspersons have signed on to one or more of three letters which oppose fast track status forthe deal.
The US pharmaceutical industry has been shaping elements of the Obama administration’s secret Trans-Pacific Partnership trade agreement to favor their own profits. But the deal could also could cause the price of prescription drugs and some medical devices to soar on a global scale.
Ten score and thirteen years ago corporate forefathers began conquering wilderness, steam, gas, oil, electricity, transcontinental rails and airways communication, prospering by quenching America’s thirst for more, better, faster. Now we who built it, want more, faster, so thinking locally, we trade globally. Thus unlike you, we will always have money to eat.
To hear lawmakers tell it, efforts to move trade legislation through the House Ways and Means Committee, while earnest and ongoing, have hit snags in the 113th Congress.
Several big pieces of legislation are slowly winding their way through the committee, including bills dealing with trade-promotion authority and the proposed Trans-Pacific Partnership.
With Congress about to begin the next cycle of budget battles – mostly focused on how much more pain to inflict on Main Street communities across America – a far different message is bubbling up across the land.
Simply put, the big idea behind the Robin Hood Tax is to generate hundreds of billions of dollars. That money could provide funding for jobs to kickstart the economy and get America back on its feet. It could help save the social safety net here and around the world. And it will come from fairer taxation of the financial sector.