OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Ensuring Tax Exempt Organizations the Right to Appeal Act

Floor Speech

Date: June 12, 2015
Location: Washington, DC
Issues: Trade

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Ms. VELÁZQUEZ. I thank the gentleman for yielding.

Mr. Speaker, time and again, we are promised trade deals create opportunity. Time and again, instead, they send jobs abroad. In the first 7 years of NAFTA, New York City's textile and apparel industry shed 7,900 jobs. In total, fast-track trade policies have cost the U.S. more than 1 million jobs. New York lost more than 374,000 manufacturing jobs since NAFTA and the World Trade Organization agreements.

Why would the Trans-Pacific Partnership be different? If that deal is approved, the U.S. will lose more than 130,000 jobs to just 2 of the 12 TPP members--Japan and Vietnam. New York already ran a $47 billion trade deficit last year. This agreement will make the situation worse.

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