Manufacturers Need Swift Congressional Action on H.R. 2708

By August 12, 2013Economy, Trade

With the recent introduction of the Miscellaneous Tariff Bill (MTB) in the House, H.R. 2708, the U.S. Job Creation and Manufacturing Competitiveness Act, manufacturers strongly urge Congress to act on this important jobs bill in September . Passage of H.R. 2708 will help preserve manufacturing jobs and keep manufacturers in the United States globally competitive by keeping costs down.  Among the many manufacturers in the United States affected by the outcome of this bill is Bayer CropScience.

Bayer CropScience (BCS) is a leading agricultural chemical company that brings together expertise in seeds, breeding, crop protection biologics and chemistry, as well as environmental science, to develop innovative solutions among key challenges in agriculture.   BCS has nearly 2,500 employees in the U.S. and several manufacturing plants located in Missouri, Texas, California, West Virginia, and Michigan, with a new site slated for construction in Alabama.

BCS is committed to providing valuable products and innovative technology to farmers both here in the United States and around the world.  In order to continue innovating and expanding, BCS needs this bipartisan bill passed quickly and retroactively.  Since the expiration of the last MTB on December 31, 2012, Bayer CropScience has lost millions of dollars in duty relief within the first six months of this year alone. Overall, manufacturers stand to lose $748 million over the next three years if Congress fails to act.  Manufacturers across a broad range of industries are calling on Congress to pass the MTB as soon as they reconvene in September.

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