That’s the approximate taxes paid by American companies on GSP-eligible goods since the Senate voted 97-1 to renew GSP last week. With the House recessing for Memorial Day, that will increase to about $33 million by the time Congress returns to DC on June 1. With benefits delayed 30 days between between enactment and implementation...
Continue readingA little earlier this afternoon, the Senate voted 97-1 in favor of legislation (H.R. 1295, as amended with S. 1267) that would renew GSP through December 31, 2017 and refund most tariffs paid since GSP expired in July 2013. It would also extend certain preferences for imports from Africa and Haiti. A big THANK YOU...
Continue readingFollowing a failed procedural vote yesterday on a TPA/TAA package, Senate leaders struck a new deal that calls for separate votes on preferences legislation (including GSP) and the Customs bill tomorrow at 12:00PM. To pass, the legislation will need at least 60 votes in favor. So we need everyone to call their Senate offices this...
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