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“Manufacturers and other businesses face what amounts to a nearly $1-million-a-day tax every additional day this issue goes unresolved. That’s thanks to billions of dollars in burdensome tariffs that companies have had to pay since the last MTB expired at the end of 2012, just for buying the supplies they need to build products in America. That’s why we are now looking to the Senate to act quickly to get this tariff-relief legislation to the President for his signature. Manufacturers and our economy started 2018 strong. Passing legislation like this will help keep the momentum going.” Jay Timmons, NAM President and CEO
“Milliken employs 6,000 men and women in the United States and manufactures polypropylene clariers and nucleators for use in the packaging, food storage and container markets. Because the raw materials needed are not produced in the United States, we have relied on the MTB process to reduce our overall costs and improve our global competitiveness. Thanks to past MTBs, we’ve been able to add jobs in South Carolina and grow our chemical business. Milliken encourages Congress to pass the MTB by end of this year so manufacturers can take advantage of this needed tax break.” Allen Jacoby, Global Business Manager, Milliken & Company, Spartanburg, South Carolina
“There are 638 American workers that work in Lasko facilities in Franklin, Tennessee and Fort Worth, Texas that would benefit from the passage of the MTB, which is roughly 68 percent of our total workforce. The MTB program would allow Lasko to compete against low-cost imports of household electric fans from China. Lasko is the last American manufacturer of portable oscillating fans, and has invested heavily in its facilities in an effort to keep them in the United States. Portable fans are a business of pennies and the savings from MTB duty suspensions would allow the company to continue to work on tight operating margins to compete with imports from China. Passage of the MTB would not only allow us to maintain our workforce, but also to continue to source our other manufacturing parts from American suppliers. The MTB is not only benefi¬cial to Lasko, but to American workers and business as a whole. ” Ed McAssey, Chief Operating Officer, Lasko Products, Inc., West Chester, Pennsylvania
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"...undermine the competitiveness of manufacturers in the United States by imposing unnecessary costs."
The post More Than 190 Organizations Urge Congress to Boost Manufacturing by Passing the MTB appeared first on Shopfloor.
"Would support jobs, promote innovation and enhance the competitiveness of manufacturers across the United States."
The post NAM Welcomes Introduction of MTB Legislation, Urges Quick Congressional Passage appeared first on Shopfloor.
Manufacturers across the nation are seeking action this year to boost U.S. competitiveness and cut back on unnecessary taxes that have been holding back manufacturers in the United States. In...
The post Time to Move the MTB to Boost U.S. Jobs by Cutting Another Unnecessary Tax on Manufacturing in America appeared first on Shopfloor.