Miscellaneous Tariff Bill Offers a Commonsense Solution for Keeping Manufacturers Competitive
Legislation Introduced Will Support Manufacturing Jobs
The National Association of Manufacturers (NAM) today praised the introduction of H.R. 2708, the Miscellaneous Tariff Bill (MTB), by House Ways and Means Committee Chairman Dave Camp (R-MI) and Ranking Member Sander Levin (D-MI), along with Trade Subcommittee Chairman Devin Nunes (R-CA) and Ranking Member Charles Rangel (D-NY). Manufacturers of all sizes use the vital tariff suspensions contained in the MTB to obtain raw materials, proprietary inputs and other products that are not available domestically. Unfortunately, manufacturers have been operating without an MTB for nearly 200 days, which has meant higher costs and, in some cases, a reduction in employees’ hours and even layoffs.
“I applaud Chairman Camp for introduction of the MTB. It is commonsense legislation Congress can act on to keep manufacturing in the United States strong,” said NAM Vice President of International Economic Affairs Linda Dempsey. "Each day that passes without an MTB hurts manufacturing in the United States and threatens jobs. Failure to act will result in a whopping $748 million tax on manufacturing in the United States and economic losses amounting to $1.857 billion over the next three years.”
Without the MTB, production costs will increase substantially, damaging our nation’s competitiveness.
“There are 675 American workers in Lasko’s facilities, and they benefit from the MTB,” said Lasko Products Chief Operating Officer Ed McAssey. “The MTB allows Lasko to compete against low-cost imports of household electric fans from China. It offers the same level playing field for countless other manufacturers. If Congress fails to act on the MTB, it will put American jobs in our factories and others at risk.”
Manufacturers urge the House to take further action on this commonsense bipartisan manufacturing and jobs bill as quickly as possible.