GOP Leaders Eye Steel Help to Lure Support on Fast-Track Trade Bill
Source: WSJ
WASHINGTONSenate Republicans are offering a new incentive to support legislation giving the president expanded trade-negotiating power: help for beleaguered steel companies. American steelmakers are seeking help from the government in response to a flood of imports, saying they are the victims of illegal trade practices. In an effort to recover, the manufacturers have banded together to try to persuade the U.S. International Trade Commission and the Commerce Department to impose punitive tariffs on foreign rivals.
A measure to make it easier for the trade overseers to crack down has been attached to a bill to toughen trade enforcement laws. But the passage of that bill will take time, because of the need to reconcile differences between the House and the Senate, and steel-state lawmakers want assurances the steel provision will become law.
Now, Senate Majority Leader Mitch McConnell (R., Ky.) and fellow Republicans are trying to give the steel provision a better chance of becoming lawpart of an effort to win a larger fight to give President Barack Obama fast-track trade negotiating powers. The move echoes a tactic used by then-President George W. Bush in 2002 as he fought for fast-track authoritythe power to submit trade deals to an up-or-down vote in Congress, without amendments.
That year, after steel-company bankruptcies and shortly before a vote on fast-track legislation, Mr. Bush imposed tariffs of as much as 30% on most steel imports. Congress approved the bill later that year. The tariffs were lifted in late 2003. Now, lawmakers are looking to attach language broadening the ways steel companies could win trade complaints to a bill that is part of a complex strategy by Mr. McConnell to line up votes for the fast-track bill.
Under the strategy, a number of Senate Democrats would have to cast a procedural vote this Tuesday on a bill to give Mr. Obama and his successor fast-track authority. After the fast-track bill passed the Senate, the chamber would vote next on a bill that would renew an expiring program to aid workers who suffer from production shifts overseas or import competition.
Read more: http://www.wsj.com/articles/gop-leaders-eye-steel-help-to-lure-support-on-fast-track-trade-bill-1434929949
JDPriestly
(57,936 posts)agreements that will further impede our ability to protect and assist our ailing industry.
This is a nutty idea. No good.
TPP is just a corporate coup.
djean111
(14,255 posts)stuffmatters
(2,574 posts)Last edited Mon Jun 22, 2015, 07:03 PM - Edit history (2)
And wouldn't this protective "tariff" to US Steel Industry ultimately be negated by the ISDS clause anyway?
Fast Track & these treacherous T "Agreements" (Treaties would take a 2/3 Senate vote, so even their definition is a lie) are the penultimate "IdSpawn"" from the marriage of Citizens United & the ALEC Bill Mill.
No matter how many times I & their Dem constituents call my Congressman (Scott Peters) or Senator Dianne Feinstein neither are going to waver from their fidelity to Corporate money. These DINOs have chosen to support corporate tyranny and profits over our people, our votes, our commons, our health, our environment & our democracy itself.