Saturday, March 10, 2018

Business groups urge Congress to add miscellaneous tariff bill to omnibus package

Nearly 200 business groups on Friday called on Congress to include in a final omnibus spending package a tariff bill that would eliminate duties on imported raw materials used in production that aren’t readily available in the United States. Led by the National Association of Manufacturers (NAM), the groups sent a letter urging Congress to add the Miscellaneous Tariff Bill (MTB), which easily passed the House in January but has stalled in the Senate, to the developing spending measure. “Congress now has the opportunity to address this self-imposed tax on U.S. competitiveness,” the letter said. The MTB bill has broad bipartisan support in the House and the Senate but has yet to land on the schedule in the upper chamber. Manufacturers and other businesses across the country have been paying nearly $1 million per day in tariffs since the beginning of this year on products not made or available in the United States because the full Congress has not yet approved the legislation, the letter said...more

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