SOCMA Advocates for Swift Passage of MTB to Help American Manufacturers
By Justine Freisleben, Manager, Government Relations -
With the expiration of all duty suspensions at the end of 2012, American manufacturers are now dealing with a large tax hike from increased duties on products not manufactured in the U.S.
For more than 30 years, Congress has supported American manufacturers by suspending duties on imported products that are not made in the U.S. These savings have allowed the U.S. specialty chemical industry, as well as a number of other U.S. manufacturing industries, to keep their products at globally competitive prices and pass the duty suspension savings along to their customers.
Unfortunately, Congress did not take action to pass the Miscellaneous Tariff Bill, which compiles all of the duty suspensions, before its expiration on December 31, 2012. Without the ability to remain globally competitive, SOCMA worries that the U.S. will lose even more manufacturing jobs and competitiveness, as American-based companies strive to remain globally competitive.
At the end of the last Congress, House Ways and Means Committee Chairman Dave Camp introduced the Miscellaneous Tariff Bill. However, it was unable to pass before the end of the Congressional session.
Please help American manufacturers by writing your members of Congress to encourage the reintroduction and passage of the Miscellaneous Tariff Bill.