Check this out:
For 5 years Rep. Ryan has been pushing for America to hold China accountable for artificially devaluing its dollar. The action has led to American manufacturing jobs being moved to china in an attempt to lower the price of goods.
H.R. 2378, or the Currency Reform for Fair Trade Act, passed the house on Wednesday with a vote of 348 – 79. The summary of the bill on Govtrack.com states:
Currency Reform for Fair Trade Act – Amends the Tariff Act of 1930 to require the administering authority to: (1) determine, based on certain requirements, whether the exchange rate of the currency of an exporting country is fundamentally and actionably undervalued or overvalued (misaligned) against the U.S. dollar for an 18-month period; and (2) take certain actions under a countervailing duty or antidumping duty proceeding to offset such misalignment in cases of an affirmative determination. Subjects the misalignment to the U.S. dollar of the currency of nonmarket economy countries also to the countervailing and antidumping duty provisions of the Act.
The two key terms in this summary are, countervailing duty and antidumping duty
Tim Ryan takes China to Task with H.R. 2378 | World News Heard now
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The bill was filibustered by Republicans. You knew that was going to happen. ****. They held millions hostage, refusing to pay unemployment until millionaires and billionaires could get tax breaks. Then 1.3 million new jobs were created, in China.
Come on. How long will it take for America to see the Republican leadership just want's to squeeze this country dry?
... So.. what's with Dems and short term memory loss..?
