Love It or Hate It, When Obama Puts TPP Online It Will Be the Most Transparent Deal Ever

TPP report

After five years of negotiations, the Obama administration is putting the finishing touches on what could be a legacy building trade deal, also known as the Trans-Pacific Partnership (TPP).

During a conference call with reporters yesterday, Ambassador Froman said the TPP agreement would be available and posted online probably within 30 days, as they are still working with other countries on the text and then it needs to go to legal for a final review. The Ambassador also said President Obama would give Congress at least 90 days to debate the agreement after it’s posted online before signing it.

Love it or hate it, this commitment, when fulfilled, will make this the most transparent agreement on record.

The conference call focused on a new report connecting Trans-Pacific Partnership (TPP) tax cuts with “Made-in-America” exports, and was conducted by Jeff Zients, Director of the National Economic Council, Michael Froman, Ambassador, U.S. Trade Representative and Kevin Selvy, CEO of Crazy Mountain Brewing Company, who highlighted the strengths of the agreement as they see them.

The TPP is a “massive tax cut” for American exports that will help American small businesses by cutting tariffs on American-made products — this was the gist of the call.

Ambassador Froman highlighted what he sees as the agreement’s ability to level the playing field, “The TPP is the largest tax cut on American exports in a generation, slashing nearly 18,000 individual taxes on the products American manufactures make, American farmers grow, and American innovators create… In addition to breaking new ground on a number of issues central to the 21st century economy, TPP levels the playing field for exports stamped with three proud words: ‘Made in America.'”

The Office of the U.S. Trade Representative (USTR) has released a new report “18,000 Tax Cuts on Made-In-America Exports” which details how tax cuts will benefit exports across the country.
Kevin Selvy, CEO of Crazy Mountain Brewing Company, explained that American beer is currently being treated around world as best beer you can get, but they’ve tried to get into markets in and round Malaysia and the tariffs and costs priced them out of the market. He said, “Get rid of the tariffs we become more competitive.”

“Thanks to TPP, instead of being taxed up to 55% in TPP countries, California winemakers will see a tax of 0%. And instead of being taxed as high as 18% in the Asia-Pacific, Louisiana fishermen won’t be taxed at all once the TPP takes effect,” the report explains, noting that 98% of U.S. exporters are small businesses.

Froman suggested that in terms of job creation, exports support 11.7 million jobs today and that will grow and be a good thing for American workers as companies that exports pay up to 18% more.

The report details this:

The connection between increasing U.S. exports and supporting more good U.S. jobs is strong. We know that companies that export tend to grow faster, hire more employees, and pay higher salaries—up to 18% more than non-export related jobs. But in too many cases, taxes on American exports are holding our workers back from those higher wages. Some estimates have shown that wages in manufacturing industries could be up to 12% higher if we were to eliminate foreign taxes on U.S. exports.

Later in the report:

Last year, American workers, farmers, and businesses sold a record-high $2.34 trillion of exports to other countries—making 2014 the fifth straight year in which the United States broke a new record for exports. 11.7 million American jobs are now supported by those exports—jobs that pay up to 18% more on average than jobs that aren’t related to exports.

Democrats are understandable wary about the just finished negotiations on the Obama administration’s Trans-Pacific Partnership (TPP), after feeling burned by the North American Free Trade Agreement (NAFTA). Add to that the objections of liberal powerhouses like Senator Elizabeth Warren and 2016 Democratic presidential candidate and Senator Bernie Sanders, and liberals are already pretty sure they don’t like it and can’t trust it. Yesterday 2016 Democratic presidential candidate and former Secretary of State Hillary Clinton also signaled her opposition to TPP, based on what she knows at this time, though previously she had supported it.

“Fundamentally what these trade agreements have done is encouraged companies to follow business plans, which were sort of unknown until 20 years ago, where you shut down production in Steubenville or Toledo and move it to Wuhan or Mexico City and sell the products back into the United States,” Ohio Democratic Sen. Sherrod Brown explained to TIME back in April.

That is one of the biggest criticisms and fears about TPP, that it will mean even less jobs and be a giveaway of sorts to multinational corporations. We need that like we need a hole in the head. It’s important to note that, in spite of the criticism, no one has actually read the final TPP agreement yet.

The Obama administration obviously thinks this is a good deal and they’re pushing it hard. President Obama just hosted the first ever White House Summit on Worker Voices yesterday, in addition to his relentless push for better pay and benefits for workers, so the presumption that he doesn’t care about workers is hard to buy. But NAFTA.

Caution is the order of the day — after all, there are corporate puppet Republicans supporting TPP (what’s not to like for them, say 18,000 tax breaks five times while clicking your heels together) and this always alarms Democrats who care about workers. Perhaps solace can be found in the fact that the Tea Party opposes TPP.

In 30 days, everyone in Congress will have access to every detail of this agreement. If nothing else, this transparency and commitment to informed debate is to be commended.

Image: Office of the U.S. Trade Representative report

35 Replies to “Love It or Hate It, When Obama Puts TPP Online It Will Be the Most Transparent Deal Ever”

  1. FOX will explain that there is a hidden agenda behind the transparency ploy; that it is really just a transparent attempt to deflect attention from Benghazi; and that his Kenya birth certificate has been uncovered and is about to be exposed.

    It will also deflect from his War on Christmas.

    Praise JeeeZusssss!
    Only a cryptoMuslim would think he could get away with it.

  2. You think we can get Clinton and Sanders to read it instead of talking out of the side of their necks

  3. I’m going to trust Prez on this, have no reason not to. Well, maybe 0.00%, otherwise, let’s get the Legacy in order President Obama, were waiting. He’s not known to lie, so there’s no need to build a “Golden Calf” just yet. Way too smart, way, way too smart. Just ask the Republicans & they’ll by nature accuse him of being foreign.

  4. I think people need to keep in mind, Obama is not going to do Anything to jeopardize his daughters futures. That, I can assure you without hesitation.

  5. Yes Obama really cares about our jobs.

    Immigrant Gains and Native Losses In the Job Market, 2000 to 2013

    By Steven A. Camarota, Karen Zeigler July 2013

    Steven A. Camarota is the Director of Research and Karen Zeigler is a demographer at the Center for Immigration Studies.
    [Unemployment]

    While jobs are always being created and lost, and the number of workers rises and falls with the economy, a new analysis of government data shows that all of the net gain in employment over the last 13 years has gone to immigrants (legal and illegal). From the first quarter of 2000 to the first quarter of 2013, the number of natives working actually fell by 1.3 million while the overall size of the working-age (16 to 65) native population increased by 16.4 million. Over the same time period, the number of immigrants working (legal and illegal) increased by 5.3 million. In addition to the decline in the number of natives working, there has been a broad decline in the percentage holding a…

  6. You can hate the CIS if you want but the facts speak for themselves.

    Link:

    http://cis.org/immigrant-gains-native-losses-in-the-job-market-2000-to-2013

    For the record two of my sister-in laws are legal immigrants. One of whose parents came over to pick vegetables seasonally and eventually got there green card and then citizenship. Both of whom are working in there 80’s. Immigration can be a tremendous benefit to this country as it historically has, but unbridled immigration will turn out to be a disaster. BTW my in-laws are St Lucian and Hispanic.

  7. So surprising Hillary does not support it now. As Secretary of State she helped negotiate portions of the deal, and promoted during that time AND after her resignation. What has changed now? Sanders being in the race?

    Hillary Ingested Shrooms Prior to Statement Opposing TPP
    http://www.theniladmirari.com/2015/10/hillaryclintontpp.html

    Does anyone actually believe she would do anything different on TPP if she was presient?

  8. DJ, Please Get rid of this BostonBeans!
    He obviously doesn’t know how far Dubya/Cheney put us back in 2007!

    “The Economic Consequences of Mr. Bush”
    The next president will have to deal with yet another crippling legacy of George W. Bush: the economy. A Nobel laureate, Joseph E. Stiglitz, sees a generation-long struggle to recoup.

    http://www.vanityfair.com/news/2007/12/bush200712

  9. EVERY SINGLE one of these “really good for us” agreements have caused devastation of manufacturing and job loss. They’ll point to the hundreds of trucking jobs featuring drivers who are making what drivers made 40 years ago as somehow a positive. When we look back on FACTUAL HISTORY and measure apples to apples these things ONLY benefit the 1% who “invest” in trans-national corporations. You have to look no further than the current situation in the steel industry to see what American workers will be dealing with on a super-sized attack on them.

  10. Ques.: If the administration legal teams haven’t seem it yet and congresspeople haven’t receive it yet, how would Consumer outside groups know whats in it to judge?

  11. Suga,
    Actually I am well aware of the previous administrations bungling and the one before that that had Glass Stegall repealed along with the blessing of said administration (Clinton)and its cronies.You fail to see the havoc reaped by the big banks and the Fed. Yes Bush was a terrible president and the present administration is as bad or worse, certainly economically. 100 months of ZIRP over the last 12 years has done nothing but bolster the balance sheets of the people who have first access to the Fed feeding trough. Clinton inherited the tax increase Bush Sr. signed which along with a tech bubble created what had the appearance of a balanced budget. He left W with with a burst Tech bubble that along with 9/11 allowed the Fed to push rates to zero again thus feeding the housing bubble with all of its fraudulent finance inspired mortgages. That blew up just in time for the O, who proceeded to spend just as recklessly with the blessing of the Fed. Thus here we are 7 years into the

  12. Great Recession with a labor participation rate not seen since 1977, with the middle class wages stagnant for 20 years or more, over 45 million people on food stamps, a declining manufacturing work base, an increasing number of people working part time no benefits jobs (sometimes 2 or 3) and a government that has no connection with reality. Wake up, the government is not here to help you unless you are an employee of the government and if you are good luck collecting those pensions when the whole thing blows up, the debt will either be paid off through inflation or money printing or some other scheme that will not benefit the middle class that Hillary so like to bleat about, but would not have in her house.
    Bob.

  13. If you read the article the groups made their judgements based on what has been leaked by Wikileaks, because the most transparent Administration has not been so forthcoming.
    Bob.

  14. Bob,
    They are only doing the bidding of their corporate masters. What they care about the average citizen could be written on the head of a pin with a wide tipped magic marker.
    Bob.

  15. Has the Prez shown this country anything other than the love he has shown & attempted to show the American people? Be patient, posting like Republicans & that damn lamp holder. It hasn’t been made public yet, Repeat. Jayzus Christ! Wait til’ it’s made public, read it.

  16. What she said in the interview with Woodruff is not what the media did to her simple answer. According to her she has some kind of direct specific information on it.

    My guess is from someone in on the deal whether govt, corporation or one of th unions or environmental groups who were allowed in negotiations. Perhaps a combination of the above.

    She released this today and it is much stronger than yesterday’s remark. I am surprised by her stronger opposition by this second quote.

    https://mobile.twitter.com/HillaryClinton/status/651882008239542272/photo/1

    On tiny mobile not keyboard…

  17. #1 Don’t yet know what the TPP says & not one for knee-jerk decisions. Willing to give Pres Obama the benefit of the doubt; he’s earned it. Time will tell whether he delivers…or blows it.

    #2 The Tea Party opposes it. They’re wrong about most other things & odds are they’re wrong about this, too.

    They may hate it because it doesn’t benefit the 1%. So, bad for them=good for the rest of us?

    Or maybe it’s because they hate foreigners. And Asians. And foreign Asians. And they really, really hate President Obama.

    #3 I really, really love the idea of helping small businesses. It can help to rebuild America’s middle class.

    #4 Looking forward to gettihyng objective analyses — pro & con — from thoughtful, knowledgeable analysts.

    Which excludes the GOP, Fox “news,” other illiberal media, and the Klown Kar Krew. All they’ll give us: foaming-at-the-mouth rants, rhetoric, lies, distortions, propaganda, ignorance, Bizarro logic, racism, hate. Same-old, same-old.

  18. It’s hard to believe that after all the work President Obama has done for the benefit of workers, people have this knee-jerk reaction.

    I think what is less important is his legacy. Why would he do something that’s bad for the average citizen and the country at the expense of his legacy.

    As for Hillary, whatever way the wind blows. She’s got to stay in step with her competition. Don’t get me wrong, I’m not a Hillary hater nor am I Bernie fan. I vote Dem. But these two are getting on my last nerve.

  19. You’re so right, he really is the chosen one. I’m ****ing excited.

    If Tuesday’s debate has anywhere near the number of the Republican ones, it’s over. Not because he’s going to attack Hillary, or because Hillary will have taken all of his positions on everything. But because people will finally get a chance to hear and see him speak, and see him for who he really is.

  20. So being able to finally read what the transnationals have in store for us makes it the most transparent ever? (And keeping elected representatives away from the process certainly qualifies as the most democratic process ever).
    I heard it ignores VAT taxes and currency manipulation. This kind of makes the whole agreement quite the joke.

  21. Not sure if anyone above quoted Obama yet on his TPP currency manipulation issue in the deal. He says it isn’t what HE wanted either! He made it better but it is weak and surely he knows Hillary, Ford Motor and other critics have a point. I hope he has leverage to change it. We lose jobs over it.

    President Barack Obama said on Tuesday that the Trans-Pacific Partnership (TPP) trade deal will “raise the bar” on concerns about currency manipulation with a set of principles to measure the problem.

    “Now it is not an enforceable provision in the same way that for example, violations of labor standards or environmental standards will be,” Obama said in an interview with the U.S.-based radio program, Marketplace.

    “Keep in mind that when it comes to setting up these trade rules internationally, our goal is constantly to raise the bar, and you’re never going to get 100 percent of what you want right away,” Obama said in the interview.

  22. bebe, of course he won’t hurt his daughters and of course he wants to help the country and improve our economy but also obviously your statement makes it seem as if his daughters will be blue collar factory workers.

    His daughters would live well even if the country went to crap!

    I do think he got the best deal he could. I hope he uses leverage and threatens to walk away or say it can’t work – and get the issues – important ones – resolved.

    It isn’t perfect of course, but it could be a bit better for security of our national interest.

  23. Von it isn’t 180 it is 324 or something like that.

    I was ready to stop listening to his usual yelling about the 1% after 30 seconds but listened to the end.

    That is your candidate. You can have him.

    It is not POTUS material. Let him rant in congress for his ego and his ideology and his tiny rural state.

  24. I have read a great deal about Hillary triangulation and the TPP. I disagree with nearly all of it. It certainly has nothing to do with fear of bucking Obama and it has nothing to do with the far left voters and being pushed left or that crap – whatsoever.

    If she wouldn’t come out against it for the unions – who were twisting her arm hard months ago – nothing would make her change her mind politically speaking.

    She did say long ago her stance was based on solving certain issues in it. They were not fixed in this version. She said she would walk away from it if it wasn’t up to a certain bar and for now she has. If that part is re-negotiated, she would back it.

    One point though. If it was for ANY political reason it would be this one:

    BIDEN

    If he gets in they are on the same page on nearly everything and have the same weight, base, supporters etc.

    She has 6 months on him of oranizing, he is a sitting VP with lots of friends.

    TPP would be a wedge.

  25. I’m hearing that a vote might not happen till after the election, just a rumor. Such a hot button issue to be voted on in the middle election season, may be too much for the pols.

  26. They said the day he announced it was in final stages that the real final stage will likely be December of 2016.

    Just before he leaves office.

    Even with TPA HERE it is a long process and so complex with 12 national legislative bodies to give approval.

    ACA had a few legal words which caused so much trouble. And this is more complicated by far.

  27. I said 180 *seconds* as an estimate of it being 3 minutes long. But you’re right it is 204 seconds.

    204 seconds of fighting for the middle class.

Leave a Reply

Your email address will not be published.