Jun 18, 2015

Trade is Good for the Entire Economy

Washington, D.C. – House Majority Leader Kevin McCarthy spoke today on FOX News’s America’s Newsroom on the House’s upcoming vote on Trade Promotion Authority:

Excerpts of the interview are below, or watch it online here.


We should pass TPA

“I think Trade Promotion Authority is going to pass without TAA [Trade Adjustment Assistance] today. We should not let the disarray of the Democratic caucus—it’s like an internal civil war over there—stop the ability for economic growth. Because what Trade Promotion Authority will do will make public any negotiation for at least 60 days and force Congress to have any approval of any future trade deals. And when you think about trade, one in every five jobs in America depends on exports or imports. This is helping the economic trade of America.”

 

The House will pass TAA whenever get their act together

“Today, on the floor, we’ll split [Trade Promotion Authority and Trade Adjustment Assistance] because the Democrats in their internal fight voting against TAA. … So what we’ll do is just pass Trade Promotion Authority over to the Senate. When the Democrats want to get together and find an ability to help on Trade Assistance, we’re more than willing to pass that as well. But we’ve got to get the economic movement of this country moving forward, so that’s why we’ll pass Trade Promotion Authority and send that to the Senate.”

 

Free trade helps the economy

“You know, the one thing we’ve always found that 95 percent of the world’s population lives outside of America, that we are very productive, that we need to get into these markets. Right now, it’s very easy to get into America’s markets but very difficult to get into other markets. … Since we have lost Trade Promotion Authority since 2007 there have been 100 trade agreements, and America has been a party of zero. They have been left out. And no longer can America get left out. We have to be able to lead and grow our jobs. So it’s not just tech companies. It’s small business. One in every five jobs in America depends on exports and imports and we have to expand that to make sure we can get into these markets because when American can compete, we win.”