Looking back at Friday the 12th, the House voted on Trade Promotion Authority (TPA), the controversial bill that gives power to the executive branch to negotiate treaties. TPA limits Congress’ ability to better a trade deal by subjecting members of Congress to 90 days of reviewing the trade agreement, prohibiting any amendments on the implementing legislation, and giving them an up or down vote.
TPA passed with a mere 219-211 vote with only 218 needed to pass. The real shocker comes from the amount of money each Representative received for a yes vote. In total, $197,869,145 was given to Representatives for a yes vote where as $23,065,231 was given in opposition.
The fifth highest paid legislator is somewhat of a “hero” in comparison to others. Representative Steny Hoyer (D-MD) received $1.6 million for a yes vote and only $282,710 for a no vote. Despite his high contribution from those in favor of TPA, he still voted a solid nay.
We also have other hero stories.
Democrats are not the only heroes in this voting session. GOP members spoke very loud and clear.
Where did this kind of money come from? Those in favor of TPA were security brokers and investment companies who donated a whopping $11.3 million dollars for a “yea” vote. Big banking companies donated $10.1 million dollars. In other words, Wall Street hashed out millions and millions of dollars to push for the passage of TPA.
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