Verdict with Ted Cruz The Legal Basis for Retaking the Panama Canal, plus No Taxes on Tips is Happening
Jan 29, 2025
Dive into the contentious Senate hearing on the Panama Canal, exploring U.S. national security concerns and the impact of foreign influence. Reflect on the profound historical context of the canal's construction and America's past investments. Discover a bipartisan push to eliminate taxes on tips, highlighting its significance for American workers. Hear anecdotes from Donald Trump's campaign and calls to action urging constituents to advocate for new legislation. A blend of history, policy, and advocacy awaits!
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Giving Away the Canal
- Ted Cruz recalls childhood anger over Jimmy Carter giving away the Panama Canal, an act he believes contributed to Reagan's 1980 election win.
- He emphasizes the canal's construction cost, both financially and in human lives (30,000 lost, $15 billion).
China's Canal Influence
- The Panama Canal's neutrality is compromised by China's growing influence, including control of ports and a decade-long bridge construction.
- This situation raises security risks for the U.S., potentially allowing China to block canal traffic, violating the treaty.
Unfair Canal Fees
- Panama profits significantly from canal fees, disproportionately affecting American ships, which account for 75% of transits.
- The U.S. has grounds to argue treaty violation based on these exorbitant fees and China's influence.