Manufacturers welcome the introduction today by House Ways and Means Chairman Kevin Brady (R-TX), Ranking Member Richard Neal (D-MA), Senate Finance Committee Chairman Orrin Hatch (R-UT) and Ranking Member Ron Wyden (D-OR) of the bipartisan, bicameral Miscellaneous Tariff Bill (MTB) Act of 2017 (H.R. 4318). The MTB would support jobs, promote innovation and enhance the competitiveness of manufacturers across the United States by temporarily eliminating out-of-date distortive taxes on products not manufactured or available in this country.
In 2016, the House and Senate, with near-unanimous bipartisan support, created a transparent, objective, predictable and regularized process for Congressional review and consideration of the MTB through the American Manufacturing Competitiveness Act of 2016 (AMCA). Through that process, thousands of petitions were reviewed over the last year by the independent U.S. International Trade Commission (ITC) and other parts of the U.S. government, and the ITC put together a final report sent to Congress in August with more than 1,800 petitions that it deemed to meet the requirements of the AMCA.
Since the last MTB expired at the end of 2012, manufacturers have paid billions of dollars of tariffs on products not even made in the United States, to the detriment of good-paying American jobs and American competitiveness. If enacted, MTB legislation would eliminate these unfair and anti-competitive tariffs on manufacturing components and other products.
Passage of the MTB would support manufacturers throughout the United States, as explained by Gowan USA, Lasko Products LLC and W.L. Gore & Associates at an October 25 House Ways and Means Trade Subcommittee hearing on the importance of the MTB for their businesses. Gowan, Lasko and W.L. Gore are among the many small-, medium-sized and other businesses in industries ranging from agriculture and electronics to textiles, chemicals and beyond that would benefit from the MTB.
Furthermore, states around the country would gain from the MTB, including but not limited to North Carolina, New Jersey, Pennsylvania, New York, Indiana, Georgia, Illinois, South Carolina, Michigan, Washington, Ohio, Wisconsin, Oregon, Texas, Kentucky, Massachusetts and Utah.
For years, the National Association of Manufacturers (NAM) has been a leading advocate in support of the MTB, and the NAM urges quick passage by the House and Senate of a comprehensive MTB that will support jobs and manufacturing competitiveness across the United States.
Latest posts by Ken Monahan (see all)
- NAM Welcomes Introduction of MTB Legislation, Urges Quick Congressional Passage - November 9, 2017
- Time to Move the MTB to Boost U.S. Jobs by Cutting Another Unnecessary Tax on Manufacturing in America - October 24, 2017
- NAM Testifies on How to Grow Jobs and Manufacturing in North America Through a Renegotiated NAFTA - June 27, 2017