Published in El Nuevo Herald on October 23, 2011
Among the various mechanisms that can be chosen to stimulate job creation in the U.S., perhaps the most important is the increase in tariffs for manufactured goods in China. Since then, the measure faces a formidable obstacle: more than 95% of these factories are owned by U.S. citizens and, obviously, they will oppose such a measure even if survival is at stake in the country
.
In recent years there has been discussion in Congress that several countries, especially China, deliberately manipulating its currency to keep it undervalued. This deceptive practice makes it stimulates the import of Chinese products.
With a fierce Republican opposition in Congress, has tried to pass a law criminalizing the artificial devaluation. Specifically, Rep. John Boehner, Speaker of the House, said "this legislation exceeds Congress's role and is extremely dangerous." In response, the Democrat Charles Schumer argued: "There is nothing more important for Congress to defend American jobs." The law ended up happening with 225 votes, of which only 61 were Republicans.
On October 4, Sen. Charles Schumer, Democrat of Brooklyn, introduced the bill Currency Exchange Rate Oversight The Reform Act, which among its proposals are: if a nation is accused of keeping its currency undervalued and not set in a period of three months, the tariffs will be increased; prohibits federal procurement of goods and services to those nations; prohibits the Trade Promotion Agency of the United States invest in those countries.
Indeed, if import tariffs significantly increase, you can redefine the domestic manufacturing lead to an increase in employment. We would combat primary labor cost with immigrant labor, which would be compensated by the figure of bonds in lieu of regular wages while processed American citizenship. In this way, we would face two serious problems: unemployment and illegal immigration. At least it's something we can do.
BENJAMIN F DeYURRE
Miami
.
In recent years there has been discussion in Congress that several countries, especially China, deliberately manipulating its currency to keep it undervalued. This deceptive practice makes it stimulates the import of Chinese products.
With a fierce Republican opposition in Congress, has tried to pass a law criminalizing the artificial devaluation. Specifically, Rep. John Boehner, Speaker of the House, said "this legislation exceeds Congress's role and is extremely dangerous." In response, the Democrat Charles Schumer argued: "There is nothing more important for Congress to defend American jobs." The law ended up happening with 225 votes, of which only 61 were Republicans.
On October 4, Sen. Charles Schumer, Democrat of Brooklyn, introduced the bill Currency Exchange Rate Oversight The Reform Act, which among its proposals are: if a nation is accused of keeping its currency undervalued and not set in a period of three months, the tariffs will be increased; prohibits federal procurement of goods and services to those nations; prohibits the Trade Promotion Agency of the United States invest in those countries.
Indeed, if import tariffs significantly increase, you can redefine the domestic manufacturing lead to an increase in employment. We would combat primary labor cost with immigrant labor, which would be compensated by the figure of bonds in lieu of regular wages while processed American citizenship. In this way, we would face two serious problems: unemployment and illegal immigration. At least it's something we can do.
BENJAMIN F DeYURRE
Miami
No comments:
Post a Comment