Currency Reform Bill Could Help Create New Jobs
Unfair currency manipulation in the global economy is costing millions of American manufacturing jobs—and a coalition of labor, business and agriculture leaders say the Currency Reform for Fair Trade Act (CRFTA) is the best vehicle to stop the wholesale destruction of our manufacturing base.
At a Capitol Hill press conference today, members of the Fair Currency Coalition endorsed the bipartisan legislation introduced by Reps. Tim Ryan (D-Ohio) and Tim Murphy (R-Pa.) and Sens. Jim Bunning (R-Ky.) and Debbie Stabenow (D-Mich.). The bill would treat prolonged currency manipulation as an illegal subsidy and dumping under U.S. trade laws.
In a statement, AFL-CIO Secretary-Treasurer and Fair Currency Coalition Co-Chair Richard Trumka says job creation is the number one issue on the minds of the federation’s members.
While enacting the stimulus has provided critical short-term relief, the United States will not see sustained employment growth until our government stops China, Japan and others from using their undervalued currency to steal American jobs. That’s why Congress must pass the Ryan-Murphy CRFTA as quickly as possible.
Beware of the Big Lie Bill
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Opponents of the Employee Free Choice Act in Congress made their Big Lie into a bill Wednesday, when Republican Sens. Jim DeMint (S.C.) and Mike Enzi (Wyo.) introduced the so-called Secret Ballot Protection Act.
Before we go further, let’s clear up the bill’s false implication right now:
The Employee Free Choice Act would not—repeat after me—would not, take away the secret ballot National Labor Relations Board (NLRB) election process if workers seeking to form a union wanted to use it. The Employee Free Choice would ensure workers made the decision of whether to select a union via majority sign-up (card-check) or via ballot process. Choice is good. That’s one reason why we called it Employee Free Choice—because it would enable employees, not management, to make the decision of how to form a union.
The alleged goal of S. 478 is to:
amend the National Labor Relations Act to ensure the right of employees to a secret-ballot election conducted by the National Labor Relations Board.
