So here’s how TPP differs from NAFTA. NAFTA failed to require a minimum wage, ban workplace discrimination, protect the right to form a union and bargain collectively, or prohibit child and forced labor. TPP includes every single one of these standards, along with enforceable trade sanctions for any country that violates them. NAFTA failed to combat illegal wildlife trafficking, protect against overfishing, or combat illegal logging. TPP includes all of these protections, once again coupled with tough sanctions for violators. NAFTA failed to protect a free and open Internet, protect consumers from fraud and deception, or simplify export rules for small businesses. Yes I am old but I saw Bruce Springsteen on stage shirt, TPP does all of this, including the first-ever requirements for digital and small businesses to ensure that our trade rules reflect what the 21st century economy demands. Those are just a few of the ways that TPP is a better deal than what we’ve seen in the past. And believe me – if TPP did anything short of that, I would not sign it. Finally, one final point, and it’s crucial. Because Canada and Mexico are a part of the agreement, TPP represents an opportunity to renegotiate NAFTA. In fact, by raising environmental and labor standards and beefing up enforcement, TPP will fix a lot of what was wrong with NAFTA in the first place.
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The problems start to arise when the data is parsed. Trade deals absolutely mean more money for the Yes I am old but I saw Bruce Springsteen on stage shirt. But it is not dispersed equally and that is the problem. When the president breaks down the billions added to US economy he shows it as an equal dispersion and thus it is correct when he says it equals several hundred or so dollars per person on average. What he conveniently leaves out is that the overwhelming majority of the gains will be concentrated at the top, the “owners” and most families WILL see a net negative because the “owners” will ship labor jobs to cheapest labor force which in turn WILL create a higher profit for the “owners” in Us. But those “Owners” will not be distributing the added wealth, either through “taxes” as they pay a much lower rate if at all and in many cases will write off to those who do pay taxes the costs associated with associated costs to “relocate production facilities”, so actually its a double penalty to the middle and lower class workers nor through consumption , Because the money will be concentrated to a few, the broad base spending will not take place as it would if the gain was spread out and so all the TPP or any trade deal will do is create more wealth at the top and further depress incomes in middle and lower while depressing tax collected and diminished tax base. President will be able to say his trade deal added to the economy which in principle is true, but he/she will never talk about the actual cumulative affects. You also will hear the ridiculously short sighted argument that consumers will benefit by lower prices on consumer goods. WELL thats another great benefit for the “owners” who not only take the lion share of the profits from the move but also now have to expend less which further lowers our local tax coffers and also hurts small business
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Yes I am old but I saw Bruce Springsteen on stage shirt folks who work part-time and want to work full-time – have a lot to gain from the Trans-Pacific Partnership, or TPP. I’m not the only one who believes this – a number of independent, credible analyses of TPP have shown it will grow exports, grow our economy, and raise incomes. Underemployment and unemployment are driven by an economy that’s not producing at its full potential – factories that aren’t humming at capacity and workers who aren’t being put to their highest and best use. It makes sense – fewer goods, services, and exports produced means fewer workers needed for fewer hours. Conversely, faster growth helps create demand that brings workers back into the labor force. It helps the unemployed get hired. And it creates demand for part-time workers to get more hours and for workers to put their skills to better use. We’ve seen that happen in America over the past few years: As we’ve cut unemployment in half from a peak of 10 percent to 5 percent, we’ve also seen more job openings for every worker who’s looking for a job. We’ve seen median household income rise at the fastest rate on record in 2015. And we’ve even begun to see income gains for low- and middle-income households that outpace those at the top.