On November 14, more than 350 American companies and associations sent a letter to leaders of the House Ways and Means and Senate Finance Committees urging extension of the GSP program. GSP’s current authorization expires on December 31, and companies will be forced to pay over $2 million per day in extra taxes if Congress...
Continue readingIf Congress fails to pass legislation renewing GSP in the next 2 months, benefits will lapse and import taxes will go up. It is now past the point where basically all GSP importers are placing orders for 2018, so we created a new survey to collect information about how the uncertainty is impacting decisions today....
Continue readingRepresentatives Ralph Norman (SC-5), Jim Himes (CT-4), and 36 other Members sent a letter to leaders of the House Ways and Means Committee today in support of GSP renewal. The bipartisan letter, which included 17 Republicans and 21 Democrats from 20 states, urged the Committee “to advance a long-term GSP extension as quickly as possible.&rdqu...
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