Why China “trade war” bill tying House GOP in knots

posted by
October 13, 2011
The Christian Science Monitor    
Posted in PND News

"The bill to punish China for manipulating its currency –- and allegedly stealing American jobs –- is setting off a clash within Republican ranks on Capitol Hill. The bill, which would impose tariffs on Chinese goods, has already passed the Senate with bipartisan support and would likely pass the House if brought to the floor. But so far, House Speaker John Boehner refused to do so. With multinational corporations and conservative antitax groups -- key Republican constituencies -- opposed to the bill, Mr. Boehner has been loath to let it see the light of day, given that it could be vetoed by President Obama anyway." (10/13/11)

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