GSP is scheduled to expire in a little over 3 months – and Congress will not be in Washington for most of that time. The Coalition for GSP is launching a new effort to collect video testimonials from companies sharing why they need Congress to renew GSP. Our first video comes from Xpres LLC in...
Continue readingGSP saved American companies over $400 million in the first half of 2020. GSP benefited companies in every state – and the map below shows the overall value of January-June 2020 GSP imports (in blue) and tax savings (in red) by state. The top states by GSP savings have been fairly consistent over the years....
Continue readingThis week we heard from two small businesses impacted by GSP expiration – Sugarpod LLC in Hillsboro, Oregon and Inplac in Charlotte, North Carolina – that reported paying $24,959.85 and $30,172.01 so far because of GSP expiration. Not $25,000 and $30,000, or even $24,960 and $30,172, but $24,959.85 and $30,172.01. Because every penny of...
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