Farm Futures
   Search Site:  Search Site Monday, May 20, 2013 | Bookmark This Site   
Skip Navigation Links
Home
Markets
News
Weather
Farm Futures NOW!
Magazine Online
RSS News
Mobile
Subscribe
Reprints
Register
Login
About Us
Advertise
 
  • Post to Your Wall.
 

More Problems for FTA?

Amendments to help move agreements forward are voted down in the Senate.
Compiled by staff 
Published: Sep 22, 2011

Senate Republicans have lost bids to pare spending President Obama wants for trade-displaced workers or conditioning it on passage of the three pending free trade deals, raising the possibility of still more FTA problems. The defeated amendments would have either cut hundreds of millions for so-called Trade Adjustment Assistance, conditioned its renewal on passage of the free trade agreements or extended long-expired Trade Promotion Authority.

Senate Finance Ranking Member Orrin Hatch, R-Utah, was the Senator behind the effort to condition TAA on the passage of the trade deals with Colombia, Panama and South Korea.

"Let's get rid of the mistrust, let's do this in a straight up way, let's do it so everyone knows what's going to happen," Hatch said. "Trade Adjustment Assistance will ultimately come into effect, but only after the Administration lives up to submitting these trade agreements and they're passed."

Hatch asked why expensive TAA would be needed if the FTAs don't pass, and expressed concern about what would happen to the trade agreements if Obama doesn't win on TAA.

"I'm personally not sure that Trade Adjustment Assistance will pass without my amendment, that's onw reason I brought it to the floor; it's a fair, decent, honorable way of saying okay, let's get rid of the mysteries here, let's get rid of the arguments, let's get rid of the partisanship," Hatch said. "Let's vote on this Trade Adjustment Assistance,  and when they are voted through by both the House and the Senate, let's bring up the three trade agreements, which should pass readily in both houses, and once they become law Trade Adjustment Assistance comes into being."

But Hatch did not have the votes in the Senate for his amendment, raising the threat the issue could spill over into the Republican-controlled House, and again put a stumbling block in front of the trade deals.



Permalink: Click here

Tagged: fta

Comments
Read comments from others and share your own thoughts.
Please provide the answer to the following question:

 = 
Good point- why is TAA "needed" when there are no FTAs passed to create the alleged unemployment that TAA payoffs are supposed to offset. What a joke - pass the unemploymnet benefits before the job loss occurs. Where is the TAA for farmers?
Anonymous on 9/22/2011 8:52:00 AM
TAA is simply a union buyoff. Not passing FTAs hurts farmers and export markets. Today S Korea sourced most of their corn elsewhere, and why not? Democrats want to keep raising my taxes to pay for ADDITIONAL unemployment benefits (TAA) for workers allegedly displaced by the FTAS in spite of the fact that passage would result in a net increase in jobs. I will be voting Republican next election and I hope all farmers will do the same when you look at the export numbers.
Anonymous on 9/22/2011 8:50:00 AM
 
Search this site:   

Read More Stories
ACRE, DCP Deadline Approaching
Read this storyUSDA's Farm Service Agency reminds farmers and ranchers that ACRE deadline is June 3; DCP deadline is August 2.
Read this story

St. Louis Fed Finds Q1 Farm Income Higher Than Expected
Read this storyLenders worry weak economy and high input costs will be biggest hurdle
Read this story

7 Things You Might Have Missed This Week
Read this storyFarm Bill, organic crop insurance expansion and a recipe for a good 'pie'
Read this story

   
Morning Market Review by Bryce Knorr
Planting Delays Return After Open Week
ACRE, DCP Deadline Approaching
Economic Nitrogen Fertilizer for Corn
Livestock Call by John Otte
Weekly Corn Review
Afternoon Recap by Paul Burgener
Weekly Soybean Review
St. Louis Fed Finds Q1 Farm Income Higher Than Expected
Weekly Fertilizer Review
Top 50 Tags
2008 farm bill 4-H American Farm Bureau Federation American Soybean Association animal health biofuel biofuels BSE checkoff Corn Belt crop insurance department of agriculture Drought dryland Environmental Protection Agency EPA extension service farm bill Farm Bureau farm programs farm progress farm progress show Farm Service Agency farm show farmprogress farmprogress.com farmprogressshow farmprogressshow.com FDA FFA Food and Drug Administration free trade agreement hay expo House Agriculture Committee husker harvest Husker Harvest Days huskerharvestdays.com livestock livestock producers National Cattlemen's Beef Association National Corn Growers Association NCGA New York Farm Show Progress show Senate Agriculture Committee soybean association the farm bill usda winter wheat www.farmprogress.com