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Monthly Archives: May 2015
$13 Million and Counting…
That’s the approximate taxes paid by American companies on GSP-eligible goods since the Senate voted 97-1 to renew GSP last week. With the House recessing for Memorial Day, that will increase to about $33 million by the time Congress returns … Continue reading
Posted in GSP
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American Manufacturers Face Higher Costs Because of Continued GSP Expiration
Like the jobs debate, many people assume that if exports are goods for US manufacturers, imports must be bad. When it comes to GSP, nothing could further from the truth. Raw materials, components, and parts have accounted for more than … Continue reading
Posted in Alaska, Delaware, Imports Work, Indiana, Iowa, Louisiana, Michigan, Missouri, Nebraska, North Carolina, Ohio, South Carolina, Texas, Vermont, West Virginia, Wyoming
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GSP Renewal Legislation Passes Senate
A little earlier this afternoon, the Senate voted 97-1 in favor of legislation (H.R. 1295, as amended with S. 1267) that would renew GSP through December 31, 2017 and refund most tariffs paid since GSP expired in July 2013. It … Continue reading
Posted in GSP
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GSP Vote by Full Senate Tomorrow (May 14, 2015) at 12:00PM – CONTACTS NEEDED
Following a failed procedural vote yesterday on a TPA/TAA package, Senate leaders struck a new deal that calls for separate votes on preferences legislation (including GSP) and the Customs bill tomorrow at 12:00PM. To pass, the legislation will need at … Continue reading
Posted in GSP
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Expanded GSP Product Coverage Could Save American Families Even More Money
Most Americans have not heard of GSP. Most do not realize that they save money from it. As part of Imports Work week, we have shown everyday products from the home of the GSP Coalition’s Dan Anthony that benefit from … Continue reading
Posted in Cambodia, GSP, Imports Work, India, Indonesia
Tagged AAFA, Cambodia, GSP, GSP UPDATE, India, Indonesia
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GSP Expiration – A Hard Lesson About Imports and Jobs
May is World Trade Month. For those intrepid trade souls who like to buck conventional wisdom and speak about the unspeakable – the benefits of imports – today also marks the start of the 4th annual “Imports Work for America” … Continue reading
Posted in Imports Work, Michigan, New Jersey, New York, Oregon, Small Business, Washington
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Small Businesses Are Hurt Most by GSP Expiration
National Small Business Week kicked off today. According to the SBA, more than half of Americans either own or work for a small business. These companies are also some of the biggest users of the GSP program: more than 530 … Continue reading
Posted in Oregon, Small Business
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