John Irons's Blog

Icon

Economic News, Data and Analysis

Your Congress at Work

Congress is trying to stick some CAFTA-related changes into the pending pension bill. I don’t know how much people are following the conference on the pension bill – for those of you who haven’t – it’s a big mess. There has been plenty back and forth on what to include (certain extensions to some old tax cuts, a drastic reduction in the the estate tax, etc).
But the item below stuck out as one of the more bizarre… A new meaning for “pocket protectors!”

CongressDaily
[…]
A spokesman for Rep. Bob Inglis, R-S.C., confirmed Inglis voted for the Oman deal after being assured by House Majority Leader Boehner that the House would take up the CAFTA fixes. The language would implement an agreement struck to lock up the votes of Inglis and others on CAFTA itself — it would ensure that apparel with pockets coming from CAFTA countries would not get duty-free access to the United States unless the material for the pocketing originates in the United States.
[…]

Advertisements

Filed under: Economics

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Pages

Archives

%d bloggers like this: