Trans-Pa­cific Part­ner­ship bad for Maryland, work­ers

Maryland Independent - - Community Forum -

Democrats and Repub­li­cans have never been more di­vided, yet op­po­si­tion to the Trans-Pa­cific Part­ner­ship (TPP) is unit­ing Amer­i­cans across party lines.

The TPP cov­ers 40 per­cent of the global econ­omy, yet it was ne­go­ti­ated in se­cret with hun­dreds of cor­po­rate ad­vi­sors while the pub­lic was locked out. The TPP may be called a “trade” agree­ment, but that is not what it is re­ally about.

The key pro­vi­sion in the TPP grants new rights to thou­sands of multi­na­tional cor­po­ra­tions to sue the U.S. gov­ern­ment be­fore a panel of three cor­po­rate lawyers. These lawyers can award the cor­po­ra­tions un­lim­ited sums to be paid by Amer­ica’s tax­pay­ers, in­clud­ing for the loss of ex­pected fu­ture prof­its.

This means the TPP would newly em­power hun­dreds of multi­na­tional cor­po­rate sub­sidiaries from TPP coun­tries lo­cated in Maryland to launch in­vestor-state cases against the U.S. gov­ern­ment. Even worse, the gov­ern­ment’s own In­ter­na­tional Trade Com­mis­sion’s study found that 59,181 Maryland man­u­fac­tur­ing jobs are at-risk un­der the TPP. This agree­ment is not good for the peo­ple of Maryland. It would make it eas­ier for cor­po­ra­tions to send jobs over­seas and sue the U.S. gov­ern­ment for un­lim­ited sums of tax­payer money in se­cre­tive cor­po­rate tri­bunals.

Pres­i­dent Obama will be send­ing the deal to Congress for ap­proval after the elec­tion, when ac­count­abil­ity is at its low­est. Yet our rep­re­sen­ta­tive, Steny Hoyer, still re­fuses to speak out against the TPP.

As our voice in Congress, it’s time Rep. Steny Hoyer (D-Md., 5th) gets off the fence and pub­licly op­poses the TPP.

Jason Roe, Green­belt

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