From the Citizen’s Trade Campaign:
The TPP covers 40 percent of the global economy, yet it was negotiated in secret with hundreds of corporate advisors while the public was locked out. The key provision in TPP grants new rights to thousands of foreign corporations to sue the U.S. government before a panel of 3 corporate lawyers. These lawyers can award the corporations unlimited sums to be paid by America’s taxpayers, including for the loss of expected future profits. These foreign corporations need only convince the lawyers that a U.S. law or safety regulation violates their TPP rights. Their decisions are not subject to appeal and the amount awarded has no limit. This agreement is not good for American taxpayers. It means higher drug prices. It makes it easier to send jobs overseas, means fewer jobs and lower wages, and a government that doesn’t work for us. It’s also unconstitutional, and should not be upheld in a legal challenge. Italics mine
Shameless and valueless Wall Street Senator Ron Wyden supports this illegal international trade agreement because it will lower US wages by pitting Americans against workers making 65 cents an hour in countries like Vietnam. Wyden also wants us to import food that does not meet U.S. safety standards, limit policies to combat climate change, and raise drug prices. This TPP trade agreement is not good for American taxpayers and workers. That’s why Wyden, Obama, and the entire Republican leadership supports it. Mainly the TPP will redistribute income from the 99 to the 1 percent. Wyden and the rest of its supporters know this.
The TPP means that government will not work for working families and the middle class.
The most impactful arguments against the TPP in order of voter opposition generated:
FOOD SAFETY: The U.S. currently rejects a significant portion of food imports from TPP countries like Vietnam and Malaysia as unsafe, but TPP would require us to accept food imports that do not meet U.S. safety standards.
ISDS LAWYERS: TPP will allow foreign corporations to sue the U.S. government in private tribunals/ corporate courts run by three corporate lawyers who rotate between judging these cases and representing corporations, which is a conflict of interest, and there is no outside appeal
ISDS FUTURE PROFITS: Under TPP, the American taxpayers could be forced to pay foreign corporations compensation for any American law or safety rule. They can sue for their current losses but also future expected profits, and there is no limit to the amount they can win from U.S. taxpayers. This clause will likely eliminate your voting rights on state and local issues if it conflicts with foreign corporations, such as food labeling laws. I should point out that many of these foreign companies have US investors, which means they’re circumventing US laws using the TPP. Wall Street Ronnie Wyden knows this all too well.
LOWER WAGES/FEWER JOBS: TPP will pit American workers against workers in Vietnam making less than 65 cents an hour. Economists who have looked at this deal say it will lower wages for 90 percent of Americans and gives corporations more incentives to move American jobs overseas
ISDS CORPORATE RIGHTS: TPP gives foreign corporations that come to the U.S. even more rights and privileges than the American people and our businesses, and elevates foreign corporations to the status of the U.S. government by allowing them to sue our country in special tribunals/corporate courts.
SECRET CORPORATE NEGOTIATIONS: The terms of the new TPP trade agreement were negotiated in secret with over 500 corporate advisors, but the people, the press, and even the U.S. Congress were shut out so it favors corporations, not working families.
BIPARTISAN DISAPPROVAL: For the first time, the presidential nominees of both parties, Donald Trump and Hillary Clinton, oppose this new trade agreement because it does nothing to stop currency manipulation, will hurt U.S. wages and jobs, and means higher drug prices
BAD FOR CLIMATE: All of the countries in the world are working to combat climate change, but TPP would forbid many of the policies we need to stop the climate crisis.