Senators Urge House To Pass China Currency Bill
By Andrea Salazar
A day after the China currency bill passed the Senate, a bipartisan coalition of senators urged House Speaker John Boehner (R-Ohio) and the White House to join them against China’s currency manipulation.
“China has a callous disregard for the rule of law,” Sen. Lindsey Graham (R-S.C.) said. “They cheat at every turn. They steal intellectual property, they counterfeit goods affecting our defense industries and they manipulate their currency. We don’t have this kind of discussion with normal nations. We don’t have this kind of discussion with democracies. You’re having this kind of discussion with a communist dictatorship with a command and control economy that’s acting like the mob.”
Graham echoed those sentiments and dismissed worries about China’s reaction to the currency bill.
“I’m not worried about the Chinese response because at the end of the day they need us as much as we need them, if not more so,” Graham said. “I’m worried about the idea that American politicians are going to let threats coming from China stop what, I think, is a rational approach to dealing with this.”
Sen. Chuck Schumer (D-N.Y.) said he expects the bill to pass, despite opposition from leadership.
“We have tried to keep this as non-political, frankly, as possible,” Schumer said. “That’s because we believe in this. I just believe in my bones that this is one of the five ways… to keep America number one over the next several decades.”
Senate Dem Thinks GOP Opposition To Jobs Plan Will Wear Down
By Andrea Salazar
After a Republican filibuster put an end to President Obama’s jobs package as a whole, Senate Democrats are breaking it up into separate bills.
The first component to make it to the floor will be a bill to protect and create jobs for teachers and first responders, Sen. Sherrod Brown (D-Ohio) told reporters during a conference call Wednesday.
The Teachers and First Responders Back to Work Act would set aside $35 billion for job creation and protection in education and emergency services. As Brown told TRNS, the wording in the legislation requires state and local governments to use the proposed grant money only to retain or hire employees in those areas by September 2013.
The bill would be paid for by a 0.5 percent surtax on individuals with incomes of more than $1 million. Senate Democrats expect the bill to protect and create 400,000 jobs in education.
“A small number of people pay this and the benefit is community-wide all over the country,” Brown said. “We’re not asking for much sacrifice from them, and it will mean so much to the public interest, to public safety and our education.”
Brown had a teacher, fire chief and sheriff as guests on his conference call to discuss the need for the bill. All three agreed that there was not enough funding for the work required of them.
“If we wait another year, this is kids that aren’t taught and people that aren’t hired with middle class salaries and fires that can’t be responded to as quickly and sheriffs and police departments not responding as quickly as they should be able to,” Brown said.
More bills are forthcoming breaking down the president’s jobs bill, Brown said.