Myths About Trade Promotion Authority And The Trans-Pacific Partnership

Cato Trade’s Scott Lincicome explains the top nine myths about TPA and TPP.  

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Originally posted by gif-007

  • Myth 1: TPA and U.S. FTAs are unconstitutional and undemocratic!
  • Myth 3: TPA sets legally binding congressional rules for U.S. trade negotiations!
  • Myth 4: Once TPA is approved, Congress will be powerless to stop TPP or other FTAs!
  • Myth 5: TPP is being negotiated via a dangerous and unprecedented level of secrecy!
  • Myth 7: TPP is a secret backdoor for a parade of horribles (and TPA lets that happen)!
  • Myth 8: FTAs (and free trade generally) benefit large corporations at the expense of working people!

“There are legitimate (although not horrifying!) concerns about the contents of the final TPP deal, but it’s certainly not a harbinger of an economic or constitutional apocalypse. The American public should scrutinize the final agreement closely, but that won’t happen until TPA becomes law. For supporters of free markets, there’s no legitimate reason why it shouldn’t,” writes Lincicome

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