Saturday, May 21, 2005

Democrats Opposing CAFTA

'New Democrat' Bloc Opposes Trade Pact: "Traditionally pro-business and pro-trade House Democrats have announced plans to vote against the Dominican Republic-Central America Free Trade Agreement, a stance putting at risk support from the rapidly growing high-tech community, one of the few major industries that continue to give substantial backing to Democratic candidates.

The four co-chairmen of the 40-member House New Democrat Coalition have declared their opposition to the agreement, provoking an outcry from high-tech lobbying groups. The opposition is a major setback for the Bush administration, which is struggling to get House and Senate votes on the agreement before the Fourth-of-July congressional recess.

In a letter to the New Democrat Coalition last week, the heads of eight high-tech trade associations wrote: "CAFTA makes important progress in areas critical to the long-term success of our industry, and we consider the vote on this agreement to be one of the most important of 2005. We hope that you will reconsider your opposition."

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