NEW SURVEY: One Year of GSP Expiration
Friday marked the one-year anniversary of GSP’s expiration, but Congress is out of DC until September 8th. Earlier this year, we published a report on the impacts of GSP expiration and we want to use the August recess to update that information. The updated survey (with minor modifications based on congressional staff questions) is below....
Continue readingGSP Expiration: One Year Later
Today marks the one year anniversary of GSP expiration. Once again, Congress is leaving DC for a 5-week recess, leaving importers stuck paying higher taxes without any indication of when they might find some relief. So what has changed? For starters: American companies have paid an estimated $670 million in unnecessary taxes. That number increases....
Continue readingAnd Even More Companies Speak Out on Why Congress Needs to Renew GSP
Last week we wrote (here and here) about what companies were telling congressional offices about the need to renew GSP. We’ve been copied on many more emails since, so below are some more examples of what companies are saying. After Friday, Congress will adjourn for 5 full weeks, so if you haven’t done so already...
Continue readingTell Congress to Renew GSP Before the August Recess!
Today is the last “Tariff Tuesday” before Congress takes a 5-week recess. In fact, starting next week Congress will only be in DC to legislate for 3 of the next 15 weeks. So we need as many contacts as possible to let them know how important it is – whatever issues might stand in the...
Continue reading600 American Companies Now Calling on Congress to Renew GSP
With the addition last night of several companies in Michigan, New York, and Tennessee, there are now 600 American companies and associations calling on Congress to renew the Generalized System of Preferences (GSP) program. Swift legislative action is more important than ever: after August 1 the Congress is likely to be in session for just...
Continue readingMore Companies Speak Out on Why Congress Needs to Renew GSP
Yesterday, we posted some examples of what companies are telling their Senators and Representatives about how GSP expiration impacts them. Here are several more examples to inspire any companies out there that haven’t let their Member of Congress know about why GSP renewal is so important! Workers laid off and can’t plan for the future:...
Continue readingCompanies Speak Out: Why Congress Needs to Renew GSP
Over the last few weeks, we’ve been copied on hundreds of emails to congressional staff about the importance of renewing GSP before the August recess. Each company has a different story to tell, but here are a few direct quotes (with company-identifying information removed) provided over the last few days. If you haven’t let your....
Continue readingIt’s Tuesday…Have YOU Told Congress to Renew GSP?
It’s Tuesday. That means we need as many companies as possible to contact their Senators and Representatives about the importance of renewing GSP before the August recess! If this is your first go-round for Tariff Tuesdays, check out the instructions here and then fire off some emails. If you have participated, please follow up with...
Continue readingOne Day of GSP Expiration – Who Paid the Price on July 17?
We 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 readingGSP Tariff Tuesdays: Keep the Contacts Coming!
It’s Tuesday, have you contacted your Senators and Representatives about the need to renew GSP yet? If not, you should take a few minutes to do so now. This is our third GSP “Tariff Tuesday” and we need as many companies as possible to contact their Senators and Representatives today about the need to renew...
Continue reading