Extending The Generalized System Of Preferences--Motion To Proceed
Mr. President, I say to my friend from Alabama, I don't plan to take a lot of time--maybe 10 minutes total. Mr. President, in 1934, President Franklin Delano Roosevelt said: No country, however rich, can afford the waste of its human…
Mr. President, I say to my friend from Alabama, I don't plan to take a lot of time--maybe 10 minutes total.
Mr. President, in 1934, President Franklin Delano Roosevelt said:
No country, however rich, can afford the waste of its human
resources. Demoralization caused by vast unemployment is our
greatest extravagance.
President Roosevelt said these words at a fireside chat nearly 80 years ago. Our economy was slowly on the path of recovery after suffering the worst financial crash in American history. Roosevelt had turned his focus to helping the ``permanent army of unemployed'' Americans--those Americans who didn't have jobs. His resulting investment in America's human resources put millions of people back to work.
Today, we face a similar situation. After a significant financial crisis, our economy is in tough shape. Our economic recovery is fragile but improving. Housing foreclosures have slowed and investors are looking for new opportunities. We have a long way to go. But 14 million Americans are still looking for work--and that is just unemployed. If you add the underemployed, it is probably closer to 20 million, and maybe more than that. Like President Roosevelt, we must bolster our investment in American human resources because, as in 1934, America's strength is in its people.
When people are denied the opportunity to work, they are denied the dignity that comes with that work--let alone the income, let alone providing for their families. Trade adjustment assistance, or TAA, is the right investment in America's workers. TAA provides training and income support to thousands of Americans so they can get a good-paying job right here in our own country. TAA helps them earn the dignity that comes from putting in a good day of work.
I worked with my friend, Ways and Means Chairman Dave Camp, from Michigan, who is a good man. We worked together on a TAA agreement that improves the efficiency, accessibility, and effectiveness of the program. I highly commend Representative David Camp. Our staffs have worked very closely over and over to try to find a common agreement for reauthorizing trade adjustment assistance. We worked to scale back the cost of the program, while maintaining the importance of training that helps workers secure good-paying jobs here at home.
The amendment we are offering today is one I made with Chairman Camp on TAA. It extends coverage to workers in the services sector, which makes up 80 percent of our economy. It wasn't there before, at least not before 2009. Extending this coverage means manufacturing workers, as well as computer programmers and airline maintenance technicians will have equal access to the TAA Program.
It also extends TAA to all workers. Current law does not cover 8 of our top 10 trade partners, including China, Japan, and Korea. Our amendment removes this geographic limitation and expands TAA's benefits to cover trade with all countries.
Job retraining is the heart of TAA. This training has a proven track record of providing workers the skills they need to secure their next job. We know it works--and it works well--in my State of Montana and across the country.
Al Drebes worked at Plum Creek Lumber Mill in Pablo, MT. In January 2009, Al was laid off. With a young family, he needed to quickly find a new job. But after he spent months sending his resume around, he realized he needed to update his skills.
What did he do? Al signed up for TAA and began training in recreation power equipment repair. Following his classroom training, TAA partnered him with a local employer, S&S Sports, which specializes in all-terrain motor vehicles, jet skis, and other such things that are so important to so many people in our country--and, I might add, they are a lot of fun. Al began on-the-job training with S&S and did such a great job that the company hired him full time. Because of TAA job training, Al now has the security and dignity that comes with a full day's work, and he continues supporting his family.
In addition to providing essential job training, our TAA amendment also helps American workers maintain health insurance for themselves and their families. TAA-eligible workers have access to the health coverage tax credit, which provides a 72.5-percent tax credit subsidy to make health care
more affordable; otherwise, they would not have any health insurance. With nearly 50 million uninsured Americans, this benefit is more important than ever.
Finally, the TAA agreement strengthens programs that help America's small businesses and small farmers. These programs--TAA for Firms and TAA for Farmers--provide targeted, intensive technical assistance to help small businesses and farmers improve their business plans, and they provide seed money to implement those plans.
This bill also provides duty-free access to the U.S. market for imported products from certain developing countries.
The Generalized System of Preferences, otherwise known as GSP, lowers the costs on inputs for American employers across the United States. American manufacturers use GSP imports--imports from developing countries, where the tariffs are reduced so imports can come in more easily--to build cars, produce steel, and manufacture hydropower turbines, for example.
Since GSP expired last year, American companies have paid nearly $400 million in tariffs on these imports. That is an added cost to American business of $400 million. By reauthorizing and extending GSP, we ensure that these workers, and workers in 129 countries around the world, have the opportunity to earn the dignity of work.
This amendment, in short, helps save and create American jobs. It helps Americans keep their jobs by providing the low-cost inputs U.S. manufacturers need. It helps Americans who lose their jobs get the skills they need to secure a new job and earn the dignity a solid day of work provides. The amendment is fully offset and doesn't add a dime to our deficit.
This amendment invests in America's human resources, just as President Roosevelt envisioned. It ensures our workers are not demoralized by unemployment and that they are energized by the hope of again standing on their own two feet.
I urge my colleagues to support it.
I yield the floor.