The Paradise Papers make it clearer than ever that we need, in the United States and throughout the world, a tax system which is fair, progressive an… - Bernie Sanders

It is quite remarkable how quickly conventional wisdom on this issue has changed. Just over two decades ago, in September 2000, corporate America and the leadership of both political parties strongly supported granting China “permanent normal trade relations” status, or PNTR. At that time, the U.S. Chamber of Commerce, the National Association of Manufacturers, the corporate media, and virtually every establishment foreign policy pundit in Washington insisted that PNTR was necessary to keep U.S. companies competitive by giving them access to China’s growing market, and that the liberalization of China’s economy would be accompanied by the liberalization of China’s government with regard to democracy and human rights. This position was seen as obviously and unassailably correct. Granting PNTR, the economist Nicholas Lardy of the centrist Brookings Institution argued in the spring of 2000, would "provide an important boost to China’s leadership, that is taking significant economic and political risks in order to meet the demands of the international community for substantial additional economic reforms." The denial of PNTR, on the other hand, "would mean that U.S. companies would not benefit from the most important commitments China has made to become a member" of the World Trade Organization (WTO). Writing around the same time, the political scientist Norman Ornstein of the conservative American Enterprise Institute put it more bluntly. “American trade with China is a good thing, for America and for the expansion of freedom in China,” he asserted.:“That seems, or should seem, obvious." Well, it wasn’t obvious to me, which is why I helped lead the opposition to that disastrous trade agreement. What I knew then, and what many working people knew, was that allowing American companies to move to China and hire workers there at starvation wages would spur a race to the bottom, resulting in the loss of good-paying union jobs in the United States and lower wages for American workers. And that’s exactly what happened. In the roughly two decades that followed, around two million American jobs were lost, more than 40,000 factories shut down, and American workers experienced wage stagnation—even while corporations made billions and executives were richly rewarded. In 2016, Donald Trump won the presidential election in part by campaigning against U.S. trade policies, tapping into the real economic struggles of many voters with his phony and divisive populism.

Climate change is a clear example of an issue on which American leadership can make a difference—and from which our endless entanglements in the Middle East have diverted crucial resources and attention. Europe cannot address this problem alone. Nor can China. Nor can the United States. This crisis calls out for strong international cooperation if we are to leave our children and grandchildren a planet that is healthy and habitable. American leadership—and the economic and scientific advantages that only America can offer—can and must facilitate this effort.

In this unprecedented moment in American history, we need an unprecedented legislative response. President Trump is incapable of providing leadership, and instead continues to mislead the public and act out of political self-interest. So it is Congress that must lead, and it must do so now. With anxiety growing, everyone in our country needs to know that, in the midst of this horrific pandemic and economic meltdown, their government is doing everything possible to keep them healthy and financially secure. In other words, we need to build upon and expand the recent stimulus package with new and bolder emergency legislation which must be passed as soon as possible.