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Rep. Donna Edwards Trans Pacific Partnership
Trans Pacific Partnership
Trans Pacific Partnership

Trans Pacific Partnership (53)

Many supporters of the proposed Trans-Pacific Partnership, or TPP, trade agreement are arguing that its fate rests on President Obama's bilateral talks with Japanese Prime Minister Shinzo Abe in Japan this week. If Japan and the United States can sort out market access issues for agriculture and automobiles, the wisdom goes, this huge deal — in effect, a North American Free Trade Agreementon steroids — can at last be concluded.

WASHINGTON — Vice President Joseph R. Biden Jr. on Friday acknowledged that Congress will not grant President Obama fast-track trade promotion authority, which analysts say is critical to the president’s hopes to forge huge trade deals with Asia and Europe.

“The President said, if you like your health insurance, you can keep it,” says Curtis Ellis of the American Jobs Alliance, a small conservative group based in Virginia that opposes the outsourcing of U.S. jobs overseas. “Now essentially, with Obamatrade, he’s saying, if you like your job, you can keep it.”

WASHINGTON -- The fast track trade bill introduced in the Senate last week will go nowhere anytime soon, Senate Majority Leader Harry Reid (D-Nev.) said Tuesday.

No matter what your top issue is, we can all agree that decisions that affect all of us should not be made in secret without input from the public. The Camp-Baucus Fast Track bill would limit the ability of Congress to meaningfully debate and amend trade agreements.

If President Obama uses his State of the Union address to launch a major push for “fast-track” authority to bypass congressional input and oversight on a sweeping Trans-Pacific Partnership trade deal, he will need new allies to generate support around the country.

In his upcoming State of the Union speech, President Barack Obama is expected to prioritize what is emerging as his legacy issue: combatting America's growing wealth inequality. Expect him to promote policies to create new middle-class jobs, especially in manufacturing, and counter the erosion of wages now undermining workers economy-wide.

But in the speech, Obama is also expected to highlight several major trade initiatives, including his priority Trans-Pacific Partnership (TPP) deal, a massive pact with 11 Asian and Latin American nations that Obama hopes to sign quickly. The business lobby is at full tilt pushing Obama to use the SOTU to call on Congress to pass Fast Track trade authority for the TPP.

StopFastTrack.com highlights how secretive trade deal "threatens everything you care about: democracy, jobs, the environment, and the Internet."

With the launch of StopFastTrack.com, the organizations highlight how renewal of Fast Track legislation, also known as Trade Legislation Authority, would take away Congress' democratic power in deliberating and amending the TPP, which thus far has been negotiated behind closed doors, with the only information about it being provided through leaks.

Congressional Progressive Caucus co-chairman Rep. Keith Ellison (D-Minn.) said that increasing the power of unions is key to addressing income inequality in America.

No matter what line of work you’re in, you should be watching the debate over the emerging trade deal called the Trans-Pacific Partnership (TPP) very closely.

It’s going to impact the American economy as much as NAFTA, and whatever version gets approved is going to be with us for a very long time.

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