Based on data released this week, continued GSP expiration cost American importers another $60 million in April 2015. At nearly $2 million a day in higher taxes, GSP expiration’s estimated cost through today (June 5) is about $1.23 BILLION paid by American companies. Since the Senate approved GSP legislation by a vote of 97-1, American...
Continue readingIn a letter sent today to House leaders, the Coalition for GSP and 29 other business associations urged the House to take up and pass the version of the trade preferences bill approved by the Senate in May. Since then, American companies have paid more than $30 million in new taxes because GSP remains expired....
Continue readingThat’s the approximate taxes paid by American companies on GSP-eligible goods since the Senate voted 97-1 to renew GSP last week. With the House recessing for Memorial Day, that will increase to about $33 million by the time Congress returns to DC on June 1. With benefits delayed 30 days between between enactment and implementation...
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