Business Leaders Ask Congress for Quick Action on New MTB
A group of 39 senior executives are urging legislators to swiftly pass a new Miscellaneous Tariff Bill, in a letter sent March 18 to Congressional leaders. “Congress’s failure to act on this legislation by December 31, 2012 means taxes on…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
over 600 products have increased as of January 1, 2013 and hundreds more face unnecessary tariff burdens,” the letter said. “Failure to pass the MTB as soon as possible will continue adding to the 20 percent cost differential that U.S. manufacturers already face, resulting in further losses of important manufacturing opportunities and jobs." House Ways and Means leaders introduced a new MTB in January, based on the bill introduced -- but never passed -- last session (see 13010207). The committee is currently accepting disclosure forms for the tariff suspension bill (see 13031304).