[Congressional Record Volume 161, Number 91 (Tuesday, June 9, 2015)]
[House]
[Pages H3924-H3925]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
FREE TRADE IN AMERICA
The SPEAKER pro tempore. The Chair recognizes the gentleman from
Louisiana (Mr. Graves) for 5 minutes.
Mr. GRAVES of Louisiana. Mr. Speaker, I am a big proponent and
supporter of free trade. I think the American workforce is so
productive. I think that American businesses and our industries are so
productive and so innovative that we can compete in the global markets.
I am confident that our innovation and that our workforce can compete
and we can win, when given an opportunity, again, to compete in global
markets.
At home, the U.S. Chamber of Commerce has determined that the State
of Louisiana is the top export State in the United States. In fact, one
out of every five jobs in our State is tied back to our waterways, and
that is because we are home to 5 of the top 15 ports in the United
States.
{time} 1215
We have an awful lot to export at home. We have a huge petrochemical
industry, one of the largest ones in the United States. Large
agriculture--in fact, over half the grains from the Midwest from
American farms come down through our port system and are then exported
around the country, around the world.
We are home to all six class I rail lines, only one of two places in
the United States that actually has all six class I rail lines in our
State.
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Free trade can be good for America; it can be good for our country,
good for our businesses, good for our families, if it is fair trade,
and that is where my concerns come in, is our ability to compete
fairly.
The President said: ``High-standard trade helps level the playing
field for American workers''--``high-standard trade helps level the
playing field.'' The problem is that, when you compare the cost of
compliance in the United States with environmental policies, with tax
policies, and with labor regulations, it is not a level playing field
in the United States. In fact, it is extraordinarily out of balance.
The National Association of Manufacturers estimates that in 2012
alone, that the American workforce wasted 4.2 billion hours just
complying with regulations, 4.2 billion. The Competitive Enterprise
Institute estimates that $1.88 trillion in lost economic productivity
and higher prices were experienced by the American workforce and by
American families across the country, again, $1.88 trillion in 2014.
CEI also did a study that estimated that, for every small business in
the United States, for each employee that small business has, that they
pay over $11,000 a year just complying with Federal regulations. If the
total cost of the aggregate cost of Federal regulations were at GDP--
were at gross domestic product--it would rank behind Russia's economy
and just ahead of India's economy. There are extraordinary costs. In
fact, it is a backdoor way to tax our families.
Eighty-eight percent of the manufacturers in the United States,
according to a survey done by NAM, 88 percent identified Federal
regulations as being their top concern in regard to their ability to
compete on a level playing field.
If you take, for example, tax compliance alone, tax policies are
going to cost $1.7 trillion over the next 10 years, as proposed by the
current administration, $1.7 trillion on top of all of these other
extraordinary costs that I have covered to date.
One of the huge costs that we have in the environmental world is the
ozone standard. There has been a proposal to change the ozone standard.
Some have said that the ozone standard being proposed, Yellowstone
National Park couldn't comply with; yet they want the State of
Louisiana, where I represent, to comply with this new ozone standard.
When we had the top--or one of the top petrochemical industries in
the United States, that standard is estimated to cost perhaps--it is
estimated to be the most expensive Federal regulation in history. It
could cost over $2 trillion to comply with the regulation--over $140
billion per year it could cost to comply with the regulation. In our
home State of Louisiana alone, nearly 34,000 jobs are estimated to be
lost on an annual basis.
Mr. Speaker, I am a proponent of the environment. I spent years and
years of my life, of my career, working to restore the environment,
working to restore the ecological function of south Louisiana, of our
coastal area, of our fisheries, and of our wetlands. I am a big
proponent of the environment.
But, Mr. Speaker, I am concerned that, as we move forward with free
trade, under the policies being put forth by this administration,
American workers are going to have their hands tied behind their back
in the cost of complying with environmental regulation, the cost of
complying with the expensive tax regulation in the United States, and
the cost of extraordinary labor regulation.
I will say in closing, Mr. Speaker, I am a proponent of free trade,
but it must be fair trade.
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