we hear many reasons why this House should pass legislation to renew Trade Promotion Authority. Today, I rise on behalf of working American families who need TPA. American families in the bottom 20 percent of the income scale spend 52 percent of their after-tax income on food and clothing. Unfortunately for these hard-working families, food and clothing are the most heavily taxed income sectors, accounting for more than half of U.S. import taxes. In fact, the average American family of four pays $1,100 every year because of import taxes. Talk about regressive taxation. Families struggling to make ends meet are disproportionately hit by import taxes at the same time our trade negotiators sit on the sidelines, lacking authority to make the deals needed to eliminate these taxes. Passing TPA will help working families. Let us pass H.R. 3005 and give them a break.
Editor's note · Context
Advocating for the renewal of Trade Promotion Authority to support working American families.
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