Case IH Power Tab

Farm Futures
   Search Site:   Saturday, May 26, 2012 | Bookmark This Site   
Skip Navigation Links
Home
Markets
News
Weather
Farm Futures NOW!
Magazine Online
RSS News
Land For Sale
Mobile
Subscribe
Reprints
Register
Login
About Us
Advertise
 
Share This
 

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: SURE, 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?
Posted by Anonymous on September 22 at 8:52 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.
Posted by Anonymous on September 22 at 8:50 AM
 
Search this site:   

Read More Stories
USDA Seeks Comment on Report Timing
Read this storyWith new market hours,USDA is looking into the right time to release information to the market.
Read this story

CME Group Alters Hours…Again
Read this storyAs it settles into the new 21-hour trading day, open outcry pit hours will change on key USDA report days. And KC Board of Trade matches move.
Read this story

CRP Signup Results Announced
Read this storyUSDA reports interest is high in the 26-year-old program.
Read this story

 
USDA Seeks Comment on Report Timing
Afternoon Recap by Arlan Suderman
Weekend Forecast Changes Pivotal for Grain Futures
The Buzz: Grain Market Chaos Continues
Morning Call by Bryce Knorr
CRP Signup Results Announced
Satellite Imagery Shows the Good and the Bad
Farm Markets Rise Ahead of Holiday
Weekly Fertilizer Review
Livestock Call By John Otte
Top 50 Tags
4-H afternoon recap American Farm Bureau Federation American Soybean Association animal health arlan suderman biodiesel biofuels bryce knorr BSE Bushel checkoff cotton Drought Environmental Protection Agency EPA ethanol Extension extension service farm farm bill Farm Bureau farm futures farm futures magazine farm futures market farm progress Farm Service Agency farmfutures farmfutures.com farming farmprogress.com fertilizer FFA free trade agreement Harvest insurance labor legal National Cattlemen's Beef Association National Corn Growers Association NCGA soybean soybean association soybeans SURE usda wheat winter wheat www.farmfutures www.farmfutures.com