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“YES” on Amendments 645 and 642 to H.R. 2832, a bill to extend the Generalized System of Preferences.
September 21, 2011
NTU urges Senators to vote “YES” on Amendments 645, introduced by Sen. Kyl (R-AZ), and 642, introduced by Sen. Hatch (R-UT), to H.R. 2832, a bill to extend the Generalized System of Preferences.
Time and again, the evidence has shown that taxpayers and consumers are the winners from more open trade, but these benefits are undermined by the misguided policy of Trade Adjustment Assistance (TAA), which perpetuates the myth that international trade negatively impacts the economy. Sen. Hatch’s Amendment would help to constrain the growth of the wasteful TAA program by tightening the standard for receiving benefits from one that trade must “contribute importantly” to job loss to one in which trade “substantially caused” job loss.
Additionally, NTU supports Sen. Kyl’s amendment, which would eliminate certain technical assistance grants under the TAA program as recommended in the President’s own budget recommendations. This non-controversial amendment could save as much as $16 million a year.
Roll call votes on Sen. Hatch’s and Sen. Kyl’s amendments to H.R. 2832 will be significantly weighted in our annual Rating of Congress and a “YES” vote on each will be considered the pro-taxpayer position.
If you have any questions, please contact NTU Federal Government Affairs Manager Brandon Greife at (703) 683-5700