Last Friday, Politico had an article about the (really) do-nothing Congress. According to the article: “So far, this Congress has only enacted 49 laws, the fewest since at least 1947, when the Congressional Record began tallying legislative activity on a yearly basis. In fact, the 80th Congress — famously dubbed the “do nothing&rd...
Continue readingThe Generalized System of Preferences (GSP) program eliminates U.S. tariffs (i.e., taxes) on certain imports from developing countries. GSP imports in 2011 totaled $18.5 billion and the program saved American companies more than $700 million. GSP saved Massachusetts companies an estimated $7.4 million in 2011. Massachusetts companies imported an es...
Continue readingLast week, we asked companies to contact their Senators in support of the GSP/TAA bill. When all the votes were tallied, H.R. 2832 passed with the support of 70 Senators. The inclusion of TAA made the vote particularly difficult for Republicans, but at the end of the day 17 Republicans voted in favor of the...
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