The House Ways and Means Committee is currently holding a hearing on the trade agenda, so it seems appropriate to highlight survey responses from companies located in Ways and Means members’ districts. You can see previous survey responses here, here, and here (and answer the survey yourself here). We’ll start with an easy one, as...
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...
Continue readingWe continue to receive responses to our survey on the impacts of GSP expiration after 1 year. To be blunt, they are not pretty. Here are a couple responses we heard this morning: One small business in Illinois laid off a worker yesterday. They have also delayed two hires, so instead of 12 employees they...
Continue reading