Mar 29, 2019

Freedom Partners Endorses New Kaine-Carper Bill to Expand Congressional Oversight of Tariffs

Post by Freedom Partners

Arlington, VA – Freedom Partners Chamber of Commerce today endorsed new legislation that would boost congressional oversight and authority concerning tariffs imposed unilaterally by the executive branch. The Reclaiming Congressional Trade Authorities Act (S. 899), introduced by Senators Tim Kaine (D-Va.) and Tom Carper (D-Del.), would give Congress a greater say over tariffs – which are taxes on American consumers and producers.

Freedom Partners Executive Vice President Nathan Nascimento issued the following statement:

“This bill is another signal that there is growing momentum for Congress reclaiming its authority over tariffs. Americans pay enough in taxes as it is without the executive branch imposing new levies unilaterally. We commend the leadership of Senators Kaine and Carper on this legislation and urge lawmakers from both sides of the aisle to come together on consensus legislation to achieve greater balance between the executive and legislative branches when it comes to tariff increases.”


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Trade principles

• The United States should eliminate all trade barriers, regardless of other countries’ trade policies, in order to provide Americans lower prices, more jobs and bigger paychecks, and to drive innovation through competition.
• Individuals and businesses in a competitive market, not government bureaucrats or politicians, should guide trade decisions.
• Punitive measures such as tariffs and quotas are an unjust government intrusion into the lives of hardworking Americans. They violate the property and associational rights of individuals and should all be eliminated.
• Subsidies and other forms of government supports for powerful and politically connected businesses and industries do not create value. They punish consumers, burden taxpayers, insulate businesses from market competition, and should be eliminated.
• Trade disputes should be resolved through existing international trade agreements and organizations.
• While national security interests may be a consideration in trade policy, they should be used to restrict trade only when there is truly a narrow national security interest at stake, not as a workaround to impose tariffs.