Bill Introduced to Kill NAFTA

(Journal of Commerce)

A bill that would end the North American Free Trade Agreement was introduced Thursday in the U.S. House of Representatives. The bill would require President Obama to withdraw the U.S. from NAFTA within six months.

“I voted against this legislation in 1993 because I knew that this trade agreement would lead to a decline in jobs and our industrial manufacturing base,” said Rep. Gene Taylor, D-Miss., one of 27 co-sponsors of the bill.

The bill was sponsored by 24 Democrats and three Republicans, including former presidential hopeful Ron Paul, R-Texas. Taylor said withdrawing from NAFTA would help keep jobs in the U.S. and reduce unemployment.

James P. Hoffa, general president of the Teamsters union, backed the bill. “We were sold a bill of goods about NAFTA,” he said.

To view the proposed bill NAFTA HR4759 click here.