Yesterday, we added three new companies to the GSP supporter list: Aapico Forging in Stamford, Connecticut, Mutual Wheel Company in Moline, Illinois, and Alum-Tech Corp. in West Melbourne, Florida. Aapico Forging was the 8th company company headquartered in Connecticut’s 4th District, while Mutual Wheel company was the 2nd company in Illinois...
Continue readingWe frequently note that each day of GSP expiration costs American importers nearly $2 million in additional taxes. We also highlight the diverse GSP importers that are on the supporter list. But we don’t know how many other GSP importers might be paying those taxes on any given day. So we decided to conduct an...
Continue readingEveryone likes to start the weekend on a positive note, right!?!? So we’re sorry to report that new data released this week showed that American companies paid another $61 million in unnecessary taxes in April because Congress still has not renewed the Generalized System of Preferences (GSP) program. More than a quarter of those taxes...
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