General Discussion
In reply to the discussion: Why I defend NAFTA on DU, in four charts [View all]joshcryer
(62,536 posts)You can sell it, potentially, by calling for a lower corporate rate and closing loopholes.
Republicans (and more fiscally conservative Democrats) might vote for it because no one can say they're "raising taxes." It would lower taxes on the working class, raise taxes on the multimillionaires, and the loopholes would prevent all of those corporations from having an effective tax rate lower than many Americans.
That being said, as I initially noted, yes without progressive legislation in lieu of these trade policies, they don't have a positive effect for the American people. I still disagree with Recursions argument that wages went up because of NAFTA. Wages went up because Clinton's administration raised them. Notably, Clinton failed to even address Ted Kennedy and Ron Wyden's proposals on the minimum wage (bring it back up to 1970 rates and perpetually link it to inflation, so it would never be below inflation). Had Clinton followed Kennedy and Wyden's proposal we probably wouldn't even be discussing NAFTA right now. (And of course, that's why Krugman doesn't apologize for NAFTA because he thought something like that would happen.)
Why did Clinton do it? They wanted it as a wedge issue for the upcoming elections. If they didn't even attempt to fix the minimum wage problems Gore could use it in his campaign. It was a mistake. Not that they had the votes for it, of course.