[Congressional Record Volume 151, Number 103 (Tuesday, July 26, 2005)]
[House]
[Page H6550]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                   GOOD, BIG REASONS TO DEFEAT CAFTA

  (Mr. BROWN of Ohio asked and was given permission to address the 
House for 1 minute.)
  Mr. BROWN of Ohio. Mr. Speaker, the Congressional Budget Office, the 
nonpartisan arm of Congress that provides economic projections, just 
released a report on the Central American Free Trade Agreement. The 
report shows the cost of its sugar provisions would be over $500 
million over the next 10 years. They also found the loss in revenue to 
the U.S. Treasury would be $4.4 billion over the next 10 years, more 
than $400 million every year.
  So not only does CAFTA jump up a trade deficit that has gone from $38 
billion 12 years ago to $618 billion last year, but CAFTA continues 
this erosion, the hemorrhaging of manufacturing jobs: 3 million lost 
manufacturing jobs in the last 5 years. And it is also going to blow an 
even bigger hole in the Federal budget: one more good, big reason to 
defeat the Central American Free Trade Agreement.

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