TPA Support Threatens Access to Democratic Campaign Coffers, Says Thune
President Barack Obama appears to have caved to Democratic resistance on Trade Promotion Authority (TPA), said Sen. John Thune, R-S.D., in a Feb. 25 Reuters op-ed. "The president has given into members of his party who oppose granting fast-track authority…
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because the trade deals might alienate friendly special-interest groups in an election year," said Thune. The legislation would allow the U.S. to approve pending Trans-Pacific Partnership and Transatlantic Trade and Investment Partnership pacts, said Thune. “After five years of economic stagnation and high unemployment, we should be seizing every opportunity to create more jobs and get the economy growing at a faster pace,” said Thune. “We could do that today in both the Senate and House by passing legislation giving the president the authority to wrap up the two trade pacts — all without adding a dime to the deficit.” TPA is the “best way” to break down foreign trade barriers for U.S. products and services, said Thune.