Martin Heinrich on Free Trade
[Explanatory note from Wikipedia.com "Exchange Rate"]:
Between 1994 and 2005, the Chinese yuan renminbi was pegged to the US dollar at RMB 8.28 to $1. Countries may gain an advantage in international trade if they manipulate the value of their currency by artificially keeping its value low. It is argued that China has succeeded in doing this over a long period of time. However, a 2005 appreciation of the Yuan by 22% was followed by a 39% increase in Chinese imports to the US. In 2010, other nations, including Japan & Brazil, attempted to devalue their currency in the hopes of subsidizing cheap exports and bolstering their ailing economies. A low exchange rate lowers the price of a country's goods for consumers in other countries but raises the price of imported goods for consumers in the manipulating country.
Heritage Action summary of vote# S206: The Senate voted to table (kill) an amendment by Sen. Kirk to reauthorize the Export-Import Bank. Sen. Kirk recommends voting NO. Heritage Foundation recommends voting YES because the "Ex-Im Bank is little more than a $140 billion slush fund for corporate welfare."
OnTheIssues explanation: Voting NO would allow a vote on reauthorization of the Ex-Im Bank. Voting YES would kill the bill for reauthorizing the Ex-Im Bank.
Cato Institute reason for voting YES to kill the bill:The Ex-Im Bank's reauthorization buffs contend that Ex-Im fills a void left by private sector lenders unwilling to provide financing for certain transactions. Ex-Im's critics [say that] by effectively superseding risk-based decision-making with the choices of a handful of bureaucrats pursuing political objectives, Ex-Im risks taxpayer dollars. It turns out that for nearly every Ex-Im financing authorization that might advance the fortunes of a single US company, there is at least one US industry whose firms are put at a competitive disadvantage. These are the unseen consequences of Ex-Im's mission.
Ratings by USA*Engage indicate support for trade engagement or trade sanctions. The organization's self-description: "USA*Engage is concerned about the proliferation of unilateral foreign policy sanctions at the federal, state and local level. Despite the fact that broad trade-based unilateral sanctions rarely achieve our foreign policy goals, they continue to have political appeal. Unilateral sanctions give the impression that the United States is 'doing something,' while American workers, farmers and businesses absorb the costs."
VoteMatch scoring for the USA*Engage ratings is as follows :
|Other candidates on Free Trade:||Martin Heinrich on other issues:|
Senate races 2017-8:
AZ: Flake(R) vs. Ward(R) vs.Sinema(D) vs.Abboud(D) vs.McSally(R) vs.Arpaio(R) vs.Marks(L)
CA: Feinstein(D) vs. Eisen(I) vs. Sanchez?(D) vs.de_Leon(D)
CT: Murphy(D) vs.Adams(D) vs.Corey(R)
DE: Carper(D) vs.
FL: Nelson(D) vs.
HI: Hirono(D) vs.
IN: Donnelly(D) vs.
MA: Warren(D) vs. Ayyadurai(I) vs.
MD: Cardin(D) vs.Vohra(L) vs.Manning(D) vs.Faddis(R)
ME: King(I) vs.Brakey(R) vs.Lyons(L)
MI: Stabenow(D) vs.
MN-6: Klobuchar(D) vs.Newberger(R) vs.Overby(G)
MO: McCaskill(D) vs.Petersen(R) vs.Monetti(R) vs.Hawley(R)
MS-2: vs.Hyde-Smith(R) vs. McDaniel(R) vs.Espy(D) vs.
MS-6: Wicker(R) vs.Bohren(D)
MT: Tester(D) vs.Olszewski(R) vs.Rosendale(R)
ND: Heitkamp(D) vs.Peyer(D) vs.Cramer(R) vs.
NE: Fischer(R) vs.Raybould(D)
NJ: Menendez(D) vs.
NM: Heinrich(D) vs.Rich(R)
NV: Heller(R) vs.
NY: Gillibrand(D) vs.
OH: Brown(D) vs.
PA: Casey(D) vs.
RI: Whitehouse(D) vs.Nardolillo(R)
TN: Corker(R) vs.Bredesen(D) vs.
TX: Cruz(R) vs.
UT: Hatch(R) vs.
VA: Kaine(D) vs.
VT: Sanders(I) vs.Milne(D) vs.MacGovern(D)
WA: Cantwell(D) vs.Ferguson(D) vs.Luke(L) vs.Strider(L)
WI: Baldwin(D) vs.Vukmir(R)
WV: Manchin(D) vs.
WY: Barrasso(R) vs.Trauner(D)
Senate Votes (analysis)
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