Pence: USMCA Trade Deal Would Give 'Booming' Economy More Momentum

Trending | 9/17/2019 | Tyler O'Neil
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WASHINGTON, D.C. — On Tuesday, Vice President Mike Pence called on Congress to pass the United States–Mexico–Canada Agreement (USMCA) — a trade deal between the U.S., Mexico, and Canada. He said the deal would add more momentum to an already "booming" economy. The agreement was drafted last September, and Mexico agreed to the deal in June. Democrats are stalling the USMCA, focusing on labor and environmental issues. Even so, House Speaker Nancy Pelosi (D-Calif.) has said Democrats are on a "path to yes" on the trade deal.

Pence said the USMCA represents "one more opportunity to add even more momentum to an American economy that is booming." He noted that "lower taxes, less regulation, more American energy, greater individual liberty" helped bring about America's robust economic growth, and the trade deal will help further those efforts.

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"This president has signed more laws cutting federal red tape already than any president in American history, saving more than $33 billion in regulatory costs," Pence noted. "Today, the United States is the largest producer of oil and natural gas in the world. This president kept his promise in the early days of the administration when he signed into law the largest tax cuts and tax reform in American history."

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Pence also noted that since Election Day 2016, businesses in America created more than 6 million new jobs and the U.S. unemployment rate hit a 50-year low (in May of this year). He claimed that more than 7 million Americans have been lifted off of food stamps (the actual number is 4.5 million, but still high), and that "wages are rising at their fastest point in more than ten years."

The USMCA would add to this economic growth by updating the trade relationships with...
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