Over the last few weeks, the Senate Finance and House Ways and Means Committees held hearings on trade. The Coalition asked companies to send a few sentences that we could include in our submissions for the record. Several dozen responded, and you can read our final submission on “jobs and a healthy economy” here. We need...
Continue readingWe frequently note that each day of GSP expiration costs American importers nearly $2 million in additional taxes. We also highlight the diverse GSP importers that are on the supporter list. But we don’t know how many other GSP importers might be paying those taxes on any given day. So we decided to conduct an...
Continue readingAs we noted yesterday, GSP expiration cost American companies $62 million in October. California companies paid an estimated $9.1 million, but more than a third of states faced an extra million dollars in import taxes because GSP remained expired. Taxes paid by companies in both Indiana and Virginia jumped more than 30% from September to...
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