AIRLINK 79.41 Increased By ▲ 1.02 (1.3%)
BOP 5.33 Decreased By ▼ -0.01 (-0.19%)
CNERGY 4.38 Increased By ▲ 0.05 (1.15%)
DFML 33.19 Increased By ▲ 2.32 (7.52%)
DGKC 76.87 Decreased By ▼ -1.64 (-2.09%)
FCCL 20.53 Decreased By ▼ -0.05 (-0.24%)
FFBL 31.40 Decreased By ▼ -0.90 (-2.79%)
FFL 9.85 Decreased By ▼ -0.37 (-3.62%)
GGL 10.25 Decreased By ▼ -0.04 (-0.39%)
HBL 117.93 Decreased By ▼ -0.57 (-0.48%)
HUBC 134.10 Decreased By ▼ -1.00 (-0.74%)
HUMNL 7.00 Increased By ▲ 0.13 (1.89%)
KEL 4.67 Increased By ▲ 0.50 (11.99%)
KOSM 4.74 Increased By ▲ 0.01 (0.21%)
MLCF 37.44 Decreased By ▼ -1.23 (-3.18%)
OGDC 136.70 Increased By ▲ 1.85 (1.37%)
PAEL 23.15 Decreased By ▼ -0.25 (-1.07%)
PIAA 26.55 Decreased By ▼ -0.09 (-0.34%)
PIBTL 7.00 Decreased By ▼ -0.02 (-0.28%)
PPL 113.75 Increased By ▲ 0.30 (0.26%)
PRL 27.52 Decreased By ▼ -0.21 (-0.76%)
PTC 14.75 Increased By ▲ 0.15 (1.03%)
SEARL 57.20 Increased By ▲ 0.70 (1.24%)
SNGP 67.50 Increased By ▲ 1.20 (1.81%)
SSGC 11.09 Increased By ▲ 0.15 (1.37%)
TELE 9.23 Increased By ▲ 0.08 (0.87%)
TPLP 11.56 Decreased By ▼ -0.11 (-0.94%)
TRG 72.10 Increased By ▲ 0.67 (0.94%)
UNITY 24.82 Increased By ▲ 0.31 (1.26%)
WTL 1.40 Increased By ▲ 0.07 (5.26%)
BR100 7,526 Increased By 32.9 (0.44%)
BR30 24,650 Increased By 91.4 (0.37%)
KSE100 71,971 Decreased By -80.5 (-0.11%)
KSE30 23,749 Decreased By -58.8 (-0.25%)

imagePHILADELPHIA: Senior Democrats in the House of Representatives said on Thursday they would insist President Barack Obama provide hard evidence that proposed free trade deals will boost median US incomes, laying out tough terms to support his trade agenda.

The demands, made just hours before Obama arrives here to address a House Democratic retreat, are part of a renewed focus by the party on middle-class economic issues.

Republicans have made free trade a top priority and have called on Obama to bring Democrats into line. Obama's State of the Union address last week proposed shifting tax breaks from the wealthy to the middle class. He also called on Congress to give him "fast-track" authority to negotiate trade agreements, something many Democrats oppose, fearing American workers would lose more ground.

"Show me a trade deal that not only increases GDP (gross domestic product), but increases the average worker's monthly paycheck and I'll be for it," Representative Steve Israel told reporters on the sidelines of the retreat. "That's the message. We're open to a trade deal, but it's got to increase median household income and not just GDP.

And if the administration can get us there, it will pass with Democratic votes."

Representative Chris Van Hollen, the top Democrat on the House Budget Committee, said each trade deal will need to demonstrate stronger paychecks and wages for American workers, but it will be difficult to evaluate the 12-nation Trans-Pacific Partnership agreement now being negotiated.

Israel, who headed House Democratic campaign efforts during November elections that ceded Senate control and more House seats to Republicans, now has a senior role shaping the Democratic Party's message.

He said many middle class workers felt cheated by manufacturing job losses that resulted from the 1994 North American Free Trade Agreement, and remain worried the US economy could quickly slip back into recession.

"In 1992, James Carville said 'it's the economy stupid,'" Israel said, referencing former President Bill Clinton's election strategist. "In 2015, it's my economy stupid. It's my paycheck.

It's my pay stub. It's my cost-of-living. It's all got to be personalized in terms of values." Israel, who represents part of Long Island, New York, has opposed trade deals in the last decade with Panama, Colombia and South Korea.

In his address to the retreat on Thursday, Obama is expected to outline plans to ease spending constraints on military and domestic programs.

Copyright Reuters, 2015

Comments

Comments are closed.