Cornyn introduces bill to integrate U.S., Mexican, and Canadian economies; making us pay to build roads for Mexico

Think the merging of North America is all hype? Feast your eyes on this!

As published in this week’s Plain Talk from the Texas Hill Country newsletter by Jim McGrody

Overview of SB 3622
On June 29, 2006, Sen. John Cornyn (R-TX) introduced SB 3622 – a bill to authorize the creation of the North American Investment Fund between the governments of Canada, Mexico, and the United States to increase the economic competitiveness of North America in a global economy.

The purpose of the bill shall be:

• to increase the economic competitiveness of North America in a global economy
• to reduce the income gap between Mexico and Canada, and between Mexico and the United States
• to promote economic development in Mexico in the areas of infrastructure, education, technology, and job training
In general, grants shall be awarded from the Fund for projects to carry out the purposes of the Bill, including projects-
to construct roads in Mexico to facilitate trade between Mexico and Canada, and Mexico and the United States
• to encourage the development and improve the quality of primary, secondary, and post-secondary education throughout Mexico
• to expand the deployment of communications and broadband infrastructure throughout Mexico, with emphasis on rural and underserved areas and, to expand job training and workforce development for high-growth industries in Mexico.

The agreement shall require the governments of Canada, of Mexico, and of the United States to contribute to the Fund. Canada and the United States will contribute to the Fund if the Government of Mexico – increases the tax revenue collected by such Government, with the goal of annually collecting an amount of such revenue that is equal to 18 percent of the annual gross domestic product of Mexico; and carries out a program of reforms to increase private investment and economic growth, reduce poverty, and maintain economic stability in Mexico.
You can read the complete bill by clicking here…

Background Reading – The Council On Foreign Relations
North America is vulnerable on several fronts: the region faces terrorist and criminal security threats, increased economic competition from abroad, and uneven economic development at home. In response to these challenges, a trinational, Independent Task Force on the Future of North America has developed a roadmap to promote North American security and advance the well-being of citizens of all three countries.

When the leaders of Canada, Mexico, and the United States met in Texas recently they underscored the deep ties and shared principles of the three countries. The Council-sponsored Task Force applauds the announced “Security and Prosperity Partnership of North America,” but proposes a more ambitious vision of a new community by 2010 and specific recommendations on how to achieve it.

Read the complete background on the Council on Foreign Relations.

Read Eagle Forum’s dissenting opinion here.

0 Replies to “Cornyn introduces bill to integrate U.S., Mexican, and Canadian economies; making us pay to build roads for Mexico”

  1. Clark Bowers

    First of all. YOU ARE WRONG. No where in the bill does it state that US tax dollars are being used. First of all I think we can all agree that the mexican government has a high level of corruption. Senator Cornyn would just like to up the tax and tarrifs on the goods coming into this country from 9% to 18%. Then take that extra 9% difference, and reinvest MEXICO’S OWN MONEY back into their society so that there are more jobs, and less immigrants coming across the border. Thus increasing more trade and help the US economy as well. Learn to read or don’t judge something you don’t understand. This is where people get miss guided because of sources like YOU!

  2. terrih Post author

    If you take issue with what the public is reading within the text of the bill, then perhaps it’s Cornyn who needs to re-write it to the public’s liking. I love it when the citizenry figures out what our representatives are really up to, they accuse them of misleading people. By the way, I make clear my source for this information is Jim McGrody’s Plain Talk. He’s a Republican and last I checked, Cornyn was supposed to be as well. If you have a problem with what’s on this site, attack him, not the messenger! I doubt he’d put out information that crticizes a fellow Republican unless it was absolutely bona fide.

    To the citizens: just read the bill. Why does the bill refer to building Mexican roads? You honestly think that means U.S. taxpayer money isn’t going to used to do it? Who else is going to magically build Mexican roads (likely for the sole purpose of connecting to the Trans Texas Corridor)? Also, if the bill is really only a way to increase a tariff on Mexican goods, then why did Cornyn yank the bill after hundreds of calls from OUTRAGED constituents in Houston and San Antonio?

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