If the Congress truly wants to send a message that will calm people's nerves they'll adopt the budget I submitted to them and make it clear they're not going to run up the taxes on the working people, and on small businesses, and on capital gains, and on dividends, and on the estate tax.
Now, one powerful force for economic growth that is under -- is being questioned right now in Washington is whether or not this country is confident enough to open up markets overseas, whether or not we believe in trade. I believe strongly it's in our nation's interest to open up markets for U.S. goods and services. I believe strongly that NAFTA has been positive for the United States of America, like it's been positive for our trading partners in Mexico and Canada. I believe it is dangerous for this country to become isolationist and protectionist. I believe it shows a lack of confidence in our capacity to compete. And I know it would harm our economic future if we allow the -- those who believe that walling off America from trade to have their way in Congress.
And so I made it clear that we expect for Congress to move forward on the Colombia free trade agreement. And this is an important agreement. It's important for our national security interests, and it's important for our economic interests. Most Americans don't understand that most goods and services from Colombia come into the United States duty free; most of our goods and services are taxed at about a 35-percent rate heading into Colombia. Doesn't it make sense to have our goods and services treated like those from Colombia? I think it does. I think our farmers and ranchers and small business owners must understand that with the government finding new markets for them, it will help them prosper.
But if Congress were to reject the Colombia free trade agreement, it would also send a terrible signal in our own neighborhood; it would bolster the voices of false populism. It would say to young democracies, America's word can't be trusted. It would be devastating for our national security interests if this United States Congress turns its back on Colombia and a free trade agreement with Colombia.
I intend to work the issue hard. I'm going to speak my mind on the issue because I feel strongly about it. And then once they pass the Colombia, they can pass Panama and South Korea, as well.
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