The 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 Utah companies an estimated $1.6 million in 2011. Utah companies imported an estimated $41.2 mill...
Continue readingThe Senate passed the cloture motion this evening by a vote of 84-8. All eight “no” votes came from Republicans, including: Alabama: Senator Jeff Sessions (R); Senator Richard Shelby (R) Arizona: Senator Jon Kyl (R); Senator John McCain (R) Louisiana: Senator David Vitter (R) Oklahoma: Senator Tom Coburn (R) South Carolina: Senato...
Continue readingAs the debate over GSP moves to the Senate, our focus has been on the state-level impacts of GSP expiration (as you may have noticed here and here). Below is our latest fact sheet showing how GSP expiration impacts different individual states. At some point there will be a “call to action,” but in the...
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