It’s Small Business Saturday, a chance for politicians of all stripes to show their “small biz” bonafides. (Check out how many are tweeting with the hashtag #SmallBusinessSaturday.) Yet for the last 16 months, Congressional failure to renew the Generalized System of Preferences (GSP) program has damaged small businesses throughout...
Continue readingYesterday afternoon, more than 600 American companies and associations sent a letter to congressional leaders urging GSP renewal before the end of the year. The letter noted that the current expiration is the longest in the GSP program’s 40-year history and that, if renewal slips into 2015, the tax hike on American companies will exceed ...
Continue readingBased on data released last week, continued GSP expiration cost American importers another $58 million in September 2014. For a number of states – Alabama, Arkansas, Florida, Michigan, Nevada, and Ohio – September 2014 was the most costly month to date in terms of tariffs paid. Since GSP expired on July 31, 2013, companies have...
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