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Seth Moulton on Free Trade
Democratic Presidential Challenger; MA Rep.
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Deals must help Americans & protect intellectual property
We need to take on China but do so in a smart way. That means working towards a trade deal that helps Americans and American workers; building a cyber wall to keep our intellectual property safe in the face of
Chinese aggression; and establishing a Pacific version of NATO to counter the growing security threat China poses to the region.
Source: Council on Foreign Relations on 2020 presidential primary
, Jul 30, 2019
China steps in when US doesn't lead on trade deals
Under Trump, we've seen what happens when the United States doesn't lead in these multilateral efforts: China steps in and tries to remake the world in their autocratic, illiberal image. For that reason and more, my administration would re-engage in the
TPP negotiations, focusing on strengthening labor and environmental standards. The goal must be to conclude a strong, fair trade deal for the Pacific on our terms, not China's.
Source: Council on Foreign Relations on 2020 presidential primary
, Jul 30, 2019
Use tariffs to crack down on certain countries
Moulton on Tariffs: Use tariffs to crack down on certain countries.SIX CANDIDATES HAVE SIMILAR VIEWS: Amy Klobuchar; Wayne Messam; Tim Ryan; Bernard Sanders; Eric Swalwell; Elizabeth Warren.
Some Democrats, such as Sens. Elizabeth Warren, Bernie San
Source: Politico "2020Dems on the Issues"
, Jul 17, 2019
$25B more loans from Export-Import Bank.
Moulton co-sponsored H.R.1031 & S.824
This bill raises the cap on outstanding loans, guarantees, and insurance of the Export-Import Bank of the United States for FY2015-FY2022 and afterwards. The Bank shall:
- Provide technical assistance to small businesses on how to apply for financial assistance from the Bank;
- Establish programs under which private financial institutions may share risk in the loans, guarantees, and other Bank products in exchange for receiving fees received from program participants.
- The Bank may enter into up to $25 billion worth of contracts of reinsurance, co-finance, or other risk-sharing arrangements on its portfolio or individual transactions with insurance companies, financial institutions, or export credit agencies.
Opponents reasons for voting NAY: (Washington Examiner, 12/2/12): The Export-Import Bank is a taxpayer-backed agency that finances U.S. exports, primarily though loan guarantees. You'd think the bank would spread the money around to
nurture up-and-coming businesses. You'd be wrong, very wrong. In fact, 83% of its taxpayer-backed loan guarantees in 2012 went to just one exporter: Boeing. Welcome to the "New Economic Patriotism," where the big get bigger and taxpayers bear the risk. Ex-Im is at the heart of Obama's National Export Initiative and is a pillar of the economic patriotism that Obama pledged in a second term. When government hands out more money, the guys with the best lobbyists and the closest ties to power will disproportionately get their hands on that money. Obama has spent four years pushing more subsidies, more bailouts and more regulations. "New Economic Patriotism" basically amounts to a national industrial policy -- Washington championing certain major domestic companies and industries, as if the global economy were an Olympic competition.
Source: Promoting U.S. Jobs Through Exports Act 15-HR1031 on Feb 24, 2015
Page last updated: Dec 15, 2019