Everyone 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...
Continue readingWe spent a good chunk of last week running around Capitol Hill and meeting with House offices about the importance of renewing GSP. Every office we met with had at least one GSP supporter list company headquartered in the district – one of them had 12 constituent companies (!) – so we knew there would...
Continue readingAccording to new data released this week, GSP expiration cost American importers another $56.9 million in higher import taxes in March on $1.6 billion in GSP-claimed imports. That brings the total tariffs paid because of expiration to $441 million from August 1 to March 31. Since GSP has been expired for an additional 6 weeks...
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