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Trans-Pacific Partnership (TPP): Expanded Corporate Power, Lower Wages, Unsafe Food Imports
Have you heard? The TPP is a massive, controversial, pro-corporate "free trade" agreement among the United States and 11 other countries – Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. Although it is called a “trade” agreement, the TPP is not mainly about trade. Of TPP's 30 chapters, only six deal with traditional trade issues.
The TPP comes from 500 official U.S. trade advisors representing corporate interests involved in years of closed-door negotiations while the public, press and Congress were locked out. At the heart of the TPP are new rights for thousands of corporations to sue the U.S. government before a panel of three corporate lawyers that can award unlimited sums, including for loss of future expected profits, to be paid by American taxpayers when the corporations claim U.S. policies violate the new entitlements the TPP would provide them. Read more HERE.
Latest Jones Act Attack Repelled in House
The latest attack on the Jones Act was thwarted late June 8 when the House Rules Committee determined an amendment to eliminate the Jones Act from trade with Puerto Rico was not germane for the current bill before the House to aid the financial situation for the U.S. commonwealth.
“As the facts have clearly shown, the Jones Act does not in any way have anything to do with the unfortunate financial situation before the citizens of Puerto Rico,” he added. “This amendment was simply the latest attempt by the enemies of U.S.-flag shipping to constrain decent American seafaring, shipbuilding and transportation jobs. We have weathered these fights for generations, and will remain vigilant for future attacks.” Read more.
It’s time to fix America’s rigged economy
WASHINGTON, D.C. (May 25, 2016) — It’s been more than eight years since Wall Street sent us into the worst financial crisis since the Great Depression.
Congress passed some important reforms to rein in Wall Street greed and excess, but we still have a long way to go to make sure our political system and our economy work for working people — and aren’t rigged in favor of the wealthy and well-connected. Wall Street spends tens of millions of dollars each year to cozy up with politicians in Congress to protect their big tax and regulatory loopholes.
It doesn’t have to be this way. Today, we’re joining with Sens. Elizabeth Warren (D-Mass.) and Tammy Baldwin (D-Wis.) and tens of thousands of community activists and consumer advocates to launch a new campaign to demand that our elected leaders take on Wall Street.