Based on data released last week, continued GSP expiration cost American importers another $41 million in February 2015. Despite a significant drop from typical monthly levels (likely on account of the West Coast Port slowdown), it was the most expensive month yet for companies in Iowa in terms of tariffs paid because of GSP expiration....
Continue readingWe want to thank all the companies that gave statements for our hearing submissions to the House Ways and Means and Senate Finance Committees. Both included comments from about 3 dozen companies on the pain caused by continued GSP expiration. You can download the House submission here and the Senate submission here. In addition to...
Continue readingAs we posted the other day, GSP expiration cost American companies $55 million in new taxes in November 2014, bringing the total taxes paid from August 2013 to November 2014. With GSP expiration, it’s not the case that just a few areas are impacted. Companies in every state are paying higher taxes, as shown on...
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