Economy Taxes and Trade
Washington, DC -- Congressman Brad Sherman (D-CA) today released the following response to the document issued by the United States Trade Representative (USTR) regarding the Kaesong Industrial Zone and how the South Korea-U.S. Free Trade Agreement (Agreement) would treat goods produced at this facility:
Congressman Brad Sherman (D-CA) today released the following statement on the planned consideration of the South Korea-U.S. Free Trade Agreement:
Congress should reject the pending FTA with South Korea. It is likely that the United States would be opened up to North Korean goods under the agreement's liberal rules of origin.
Goods with up to 65 percent non-South Korean content can enter the United States with preferential, often duty free, treatment under this agreement. Nothing in this agreement prevents that foreign content from being North Korean.
WASHINGTON, DC – Today, Congressmen Brad Sherman (D-CA) and Michael Conaway (R-TX) announced the creation of the Bipartisan Congressional CPA Caucus. Congressman Sherman and Congressman Michael Conaway (R-TX) will act as co-chairs.
[Washington, DC] – Congressman Brad Sherman (D-CA), who chairs the House Foreign Affairs Subcommittee on Terrorism, Nonproliferation and Trade issued the following statement concerning the proposed U.S. – South Korea Trade Pact:
"It's all well and good to increase exports, but not if we increase imports by an even larger amount. Every trade pact increases American employment in some industries, and costs jobs in other industries."
Small businesses are the foundation of our economy, and they are critical to the nation's number one priority: creating the kinds of jobs that will fuel our recovery.
I continue to work closely with business leaders from the San Fernando Valley and across the country to enact federal laws important to improving our business climate and recently I joined my colleagues in passing H.R. 5297, the Small Business Jobs Act of 2010, by a vote of 237-187.
Washington, DC – Today, Congressman Brad Sherman announced the introduction of dramatic legislation, H.R. 6384, that would eliminate so-called "right-to-work" laws, which was applauded by AFL-CIO President Richard Trumka. Sherman has a strong record of supporting working men and women and earned a 100% rating from the AFL-CIO.
WASHINGTON, DC – Congressman Brad Sherman (D-CA) issued the following statement today about Republican Leader John Boehner's proposal to means-test Social Security:
"Today, Congressman John Boehner, leader of the Republicans in the House of Representatives, suggested reducing or eliminating Social Security benefits for Americans with "substantial non-Social Security income."
From the beginning of these difficult economic times, I have been committed to supporting and proposing reforms to ensure that consumers, investors, small businesses and everyday Americans are no longer taken advantage of by the big institutions on Wall Street.
Up to 15,000 San Fernando Valley companies eligible for substantial tax credit now
Washington, D.C. – San Fernando Valley small businesses will be getting a little bit of good news in their mailboxes. Congressman Brad Sherman (D-Sherman Oaks) said today that companies eligible for new health reform tax credits will be getting a postcard explaining the credits and encouraging them to take advantage of the tax cut.
Congressman Sherman said the tax credit is especially important to getting the Valley economy moving again.