On Friday, we wrote about how adding new GSP eligility criteria is not the hill to die on when it comes to whether/how to renew GSP this year. One of the points we made, and that we’ll expand on today: Eliminating GSP benefits, whether through expiration or suspension, risks hurting the marginalized communities within the...
Continue readingAccording to multiple recent press reports, adding eligibility criteria has become the hang up for GSP renewal. There doesn’t seem to be opposition to the idea of potentially adding new criteria, but the timing. Senate Finance Committee Chairman Grassley introduced a 16-month extension to give give “time for debate on any changes that m...
Continue readingYesterday, House Ways & Means Trade Subcommittee Chairman Blumenauer released legislation to renew GSP. Introduction of a House bill is welcome, but there are concerns with provisions in the bill and almost no time to address them. As such, program users continue to believe the best way to avoid painful new taxes on American companies...
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