The Week Ahead: Trade, Minimum Wage, Other Stuff

By January 29, 2007General

OK, here we go for the fastest three minutes in Washington, your weekly roundup:

  • The GOP has returned from their retreat in Cambridge, Md. Minority leader John Boehner (R-OH) said at the National Review summit this weekend (see the 50 posts below) that it was “the most productive and motivating retreat” he’s attended in his 16 years in the House. So there’s that.
  • The Dems will be off on their retreat on Thursday and Friday of this week in Williamsburg, and President Bush will address them. Expect bipartisanship to flourish. (You new here…?)
  • The Senate will be debating the minimum wage bill. Remember that the Senate bill includes some tax breaks for small business as part of the deal. However, they aim to pay for those tax breaks through some “revenue raisers” that we ain’t crazy about. Click here to see the letter that our policy chief Jay Timmons sent up to Senate Finance Committee Chair Max Baucus (D-MT), with copies to the full Senate.
  • On Tuesday, the House Ways and Means Committee will hold a hearing on “trade and globalization.” Ironically, this is the same day the President will be at NAM member — and major exporter — Caterpillar in Peoria. We’ll be writing more about that tomorrow, but just to get you warmed up, check out this fact sheet. We guarantee you’ll learn stuff you didn’t know. Also, looks like the Doha round might’ve gotten a bit of a kick start in Davos over the weekend as well. This is no time to move backwards on trade.
  • On Wednesday, the Senate Banking Committee plans a hearing on China’s currency. Treasury Secretary Hank Paulson will testify on the first panel. Stay tuned to see who may testify on the second panel.
  • Also on Wednesday, the House Education and Workforce Committee has a hearing with the loaded title, “Strengthening America’s Middle Class: Evaluating the Economic Squeeze on America’s Families.” Hmmm… Wonder how that one will turn out? Watch this space for more details on that one, too, as we get ’em.
  • A bunch of quarterly earnings reports due out this week, too.
  • Here’s a link to the President’s schedule for the week.
  • Our blog buddy — and former Arkansas Governor — Mike Huckabee jumped into the 2008 Presidential race this weekend. He’s a good bass player but c’mon — when was the last time a Governor of Arkansas was elected President?
  • That oughta do it for this week.