Category: Press Release Page 33

While Trump Pushes a Damaging Trade War, Major Concerns with China Go Unaddressed

Reporting this week in the Washington Post highlights the security risks posed by critical transportation infrastructure being manufactured by companies owned by the Chinese government, including the potential for new rail cars running in the nation’s capital.  According to the Post, “the state-owned China Railway Rolling Stock Corp., or CRRC, has used bargain prices to win four of five large U.S. transit rail car contracts awarded since 2014.”

Rising Emissions Highlight Urgent Need for a Carbon Tax

Independent research released yesterday shows that domestic carbon emissions rose 3.4% in 2018. John Delaney believes that this report is yet more evidence that the United States is failing to address climate change. On the campaign trail, Delaney has called for implementing a carbon tax, a market-based solution to reducing emissions that will also raise revenues that can be redistributed directly back to the American people.

Delaney Statement on Trump Administration Comments on Markets, Federal Reserve 

Trump does not understand the job of the Federal Reserve, which is to promote maximum employment, stable prices and long-term moderate interest rates while also regulating the banking system and stabilizing the financial system. While the Federal Reserve obviously cares about the functioning of markets, its job is not to ensure that stocks always go up every week, which is what Trump seems to think their job is.