Gene Taylor: “I have got to admit that portions of this bill leave me somewhat perplexed, while I agree with most of it. Mr. Speaker…”

“I have got to admit that portions of this bill leave me somewhat perplexed, while I agree with most of it. Mr. Speaker, this is the same body that in the past 2 weeks has passed six different pieces of legislation expressing our grave concern as to what the Chinese intentions are towards our Nation. We have a special committee that is looking into whether or not they bribed American officials in order to get hold of American missile technology. The same body that says we will no longer transfer missile technology. But in the most blatant hurt and wrong that is being done to the American people, a $50 billion trade imbalance with the People's Republic of China, where they get $50 billion more of our money each year, where they charge our companies 30 to 40 percent to have access to their markets but we only charge them 2 percent, if we charge them anything, to have access to our markets, that used to be called Most Favored Nation status. Now, because the American people have caught on to that and a majority of Members of Congress can no longer vote for Most Favored Nation status, because the American people have caught on to this scam, the new scam is we are going to change the name of it. It is now going to be called 'normal trading relations.' Mr. Speaker, I would really hope someone would come to this floor and tell me what is 'normal' about a $50 billion trade imbalance?”