Stopping Currency Manipulation Would Create U.S. Jobs
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Leveling the playing field by enforcing our trade laws against currency manipulation is a no-cost action that will create jobs, AFL-CIO President Richard Trumka said today.
He called on Congress to pass the bipartisan Currency Reform for Fair Trade Act of 2011. Introduced by Sens. Sherrod Brown (D-Ohio) and Olympia Snowe (R-Maine) and Reps. Sander Levin (D-Mich.), Tim Murphy (R-Pa.) and Tim Ryan (D-Ohio), it is same legislation passed by the U.S. House of Representatives last September by a 348-79 margin.
Health Care Opponents Know Which Words to Use to Derail Reform
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The U.S. House and Senate are moving to finish comprehensive health care reform legislation before adjourning for an August recess. Meanwhile, congressional Republicans and their allies in the corporate health care world—especially the private health insurance industry—are following a well-crafted, but lie-filled, propaganda script to kill health care reform.
But an insurance industry insider offers further proof why health care reform is so desperately needed—especially a plan that includes a strong public health insurance plan option and curbs to prevent the insurance industry’s abusive practices.
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.
