WASHINGTON, D.C. -- Representative Ann Kirkpatrick today helped pass legislation in the House to effectively fight back against Chinese trade abuses that are burdening our economy. H.R. 2378 would help level the playing field for America's manufacturers and their employees and reduce incentives for companies to outsource jobs to other countries.
Rep. Kirkpatrick, Arizona's only Member on the House Committee on Small Business, has made creating jobs in District One her top priority in Congress, and she has worked hard to encourage development of Greater Arizona's small businesses to get folks back to work. H.R. 2378, which passed through the House yesterday with members of both parties voting in favor, takes steps against the Chinese government's long-standing practice of manipulating international markets to peg the value of its currency artificially low against the dollar. The practice lowers the cost of Chinese goods outside of that country, giving them a competitive advantage over our products.
By helping American businesses combat this abuse, H.R. 2378 will help to make sure that local companies aren't being undercut by foreign competition through unfair practices, and will make it easier for manufacturers to expand their exports and hire more American workers.
"We have a responsibility to stand up for American workers, especially during this downturn," said Rep. Kirkpatrick. "Congress must work to keep foreign companies from abusing the trade system to gain an unfair advantage and kill American jobs. The measures I helped push through the House today will not only protect local businesses and help Greater Arizona families--they will keep big corporations from shipping jobs overseas."
Rep. Kirkpatrick has been a strong advocate for working families in her first term in Congress and has fought to create good jobs here at home. She has strongly supported legislation that would help businesses in this country and close tax loopholes for corporations that send jobs overseas, saving taxpayers billions of dollars.
For too long, China has followed policies that unfairly benefit their exporters at the expense of American businesses and workers. The bill passed in the House today would define this manipulation for what it is--an subsidy for the country's exports. Under international rules, U.S. firms would then be allowed to petition for a tariff on imported goods to offset the cost of the subsidy, making it harder for these products to compete in the marketplace and creating a strong incentive for China to stop its unfair practices.