Manufacturers: House Passage of MTB Brings Us One Step Closer to Relief

Senate Should Move Swiftly to Boost Competitiveness Abroad, Opportunity at Home

Washington, D.C., April 27, 2016 - National Association of Manufacturers President and CEO Jay Timmons issued the following statement after House passage of trade legislation that would establish a new Miscellaneous Tariff Bill (MTB) process on imported inputs and products not available in the United States:

"This is an important step forward that brings us closer to providing manufacturers across America with much-needed relief from unnecessary border taxes. This new approach will make manufacturers even more competitive in the global economy. Delays in implementing a new MTB process have put us at a major disadvantage compared to global competitors who do not pay this tax, so manufacturers have been raising our voice, and leaders in Congress are now listening. We applaud the House for putting this bill one step closer to the president's desk and urge the Senate to follow suit without delay, empowering us to support innovation, opportunity and jobs here at home."

The last MTB passed by Congress expired at the end of 2012. Since then, companies have faced an annual $748 million tax hike on manufacturing in the United States, representing a $1.857 billion loss to the U.S. economy. Learn more about the importance of MTB legislation here.

-NAM-

The National Association of Manufacturers (NAM) is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs more than 12 million men and women,contributes $2.17 trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts for more than three-quarters of private-sector research and development. The NAM is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visit www.nam.org