Manufacturers: Failure to Pass Tariff Bill Hurts Competitiveness
New Congress Should Pass the MTB to Protect Jobs
National Association of Manufacturers (NAM) Vice President of International Economic Affairs Linda Dempsey issued this statement on the status of the Miscellaneous Tariff Bill (MTB):
“Congress’s failure to pass the MTB has resulted in a tax increase on manufacturers in the United States, hurting their global competitiveness and putting jobs at risk. It is currently 20 percent more expensive to manufacture in the United States compared to our largest trading partners, and the lack of an MTB will only widen that gap.
Manufacturers of all sizes benefit from these important tariff suspensions to obtain raw materials and inputs that are not available in the United States. In failing to enact this important legislation, Congress has increased costs on manufacturers and made it more difficult for manufacturers to maintain and grow production and jobs in the United States.
In this new Congress, the House and Senate must work together on a clear path forward to get the MTB to the President’s desk as soon as possible. Costs are rising, and any further delay will only hurt American manufacturing workers.”