Andrew Roth - October 05th, 2011
KEY VOTE ALERT
Opposing Discharge Petition No. 0001
The Club for Growth strongly opposes Discharge Petition No. 0001 that would force a House vote on HR 639, a bill that would make it easier to apply tariffs on Chinese imports unless China increases the value of its currency. Passage of such legislation, or similar legislation, could lead to a costly trade war that would destroy jobs.
A signature on this discharge petition, or any similar petition, will count heavily as an anti-growth action on the Club for Growth’s 2011 Congressional Scorecard.
Supporters of this underlying bill believe that cheap imports from China are harming our nation’s manufacturers, but they fail to realize that China ships intermediary goods and raw materials to the United States, not just final consumer products. These cheap goods are used by our nation’s businesses to produce final products that can be sold at competitive prices. And even if supporters of this bill had a valid argument, the better course of action to spur our nation’s economy is not to punish another country through higher taxes on ourselves, but by lowering taxes on corporate income, capital gains, and dividends. This would ignite economic growth, expand our access into foreign markets, and make American companies more competitive and innovative. Likewise, cheap imports are not a drag on the economy. They give consumers more choice and the extra resources to save and invest. We strongly oppose this petition, and urge all members to not only vote against this bill if it comes up for a vote, but to decline co-sponsorship of it.
Our Congressional Scorecard for the 112th Congress provides a comprehensive rating of how well or how poorly each member of Congress supports pro-growth, free-market policies and will be distributed to our members and to the public.