Placing the taa spending program in the south korea

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: de pact in a generation. But Senate Republicans voiced anger that Obama plans to submit the agreement attached to a renewal of benefits for workers who lost jobs due to foreign competition, saying he is trying to please unions that oppose the Korea deal. Representative Dave Camp, a Republican from Michigan who heads the powerful House Ways and Means Committee, defended a compromise he reached last week with the White House, saying he secured “significant reforms” to the workers’ aid. Camp said the aid, known as Trade Adjustment Assistance, or TAA, would be fully offset by spending cuts. While denying an agreement to link the aid and trade agreement, he offered to move ahead on both measures if submitted separately. “Despite questions about how the House, Senate and administration proceed on TAA, one thing is perfectly clear: we cannot afford to let these trade agreements languish any longer,” Camp told a hearing. “The rest of the world is fast moving forward, and we risk losing market share and jobs if we fail to act,” he said. A free trade agreement between South Korea and the European Union, negotiated after the US deal, took effect last week. Gonzaga Debate Institute 2011 23 Mercury Politics ***SKFTA Internal Links Gonzaga Debate Institute 2011 24 Mercury Politics Internal Link – Obama Political Capital Key to SKFTA Ball is on Obama’s court to negotiate TAA compromise Lee, Yonhap News Agency, 7-8-11 [Chi-dong, “Congress passes ball to Obama on FTA with S. Korea”, , accessed 7-8-11] WASHINGTON, July 7 (Yonhap) -- The U.S. Congress on Thursday took a step forward in the longoverdue process of ratifying a major trade pact with South Korea, as key committees backed draft implementing legislation. In a "mock" mark-up, the Democrat-controlled Senate Finance Committee voted for the free trade agreement (FTA), signed in 2007, with the renewal of an expensive pro-workers program, despite Republican members' opposition. Republicans support the FTA itself but disapprove of the Trade Adjustment Assistance (TAA) program, aimed at helping workers adversely affected by trade. The House Ways and Means Committee had a separate hearing and endorsed the bill on the FTA with South Korea, called KORUS FTA. The TAA issue was excluded in the draft bill of the House committee, dominated by Republicans. The agreements at the mock markups are not binding, only intended as a recommendation to President Barack Obama. It is uncertain when Obama will submit the bill to Congress. It is also unclear whether he will continue to attach the controversial TAA to the KORUS. His priority is apparently a deal in federal debt-limit talks. Republican senators remain critical of the connection between the TAA and KORUS. "Placing the TAA spending program in the South Korea bill was not an acceptable outcome," said Sen. Orrin Hatch (R-Utah), the senior member of the committee. Sen. Max Baucus (D-Mont), chairman of the committee, emphasized it is Obama's call. "It's up to the president wh...
View Full Document

This note was uploaded on 01/14/2013 for the course POL 090 taught by Professor Framer during the Spring '13 term at Shimer.

Ask a homework question - tutors are online