'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."
Saturday, May 21, 2005
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