Yesterday, 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...
Continue readingGSP will expire in just a few weeks if Congress doesn’t pass legislation reauthorizing it beyond December 31. Failure to do so will lead to millions of dollars a day in new tariffs on American companies, hundreds of which sent a letter to Congress urging renewal last week. More important than the raw dollars are...
Continue readingU.S. job growth slowed to just 245,000 jobs in November – the lowest level of the recovery to date – and there are still almost 10 million fewer U.S. jobs than in February. If Congress allows GSP to expire on December 31, American companies would face millions of dollars a day in new taxes on...
Continue reading