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US Manufacturers Urge Passage Of Miscellaneous Tariff Bill

by Mike Godfrey, Tax-News.com, Washington

25 November 2014


The National Association of Manufacturers (NAM), the largest manufacturing association in the United States, has renewed its call for Congress to urgently pass the long-delayed Miscellaneous Tariff Bill (MTB).

The MTB would eliminate or reduce import duties on hundreds of raw materials and intermediate products that are not produced or available in the US. As Congress has failed to renew MTB legislation since it expired at the end of 2012, manufacturers have been paying substantially higher tariffs on essential manufacturing inputs since January 1, 2013.

In a press call, NAM's Vice President of International Economic Affairs, Linda Dempsey, emphasized the importance of the legislation to US industry. "Manufacturers in the US are making a comeback, creating new jobs and making more products than ever before," she said. "However, congressional inaction on MTB legislation is hurting our ability to compete globally and create jobs. Manufacturers need Congress to end the gridlock and act immediately to pass this bipartisan, job-creating legislation."

Ron Eva, Global Sourcing and Contracting Manager for BASF Corporation, and Leib Oehmig, President and Chief Operating Officer for Glen Raven, Inc., in Burlington, North Carolina, also spoke of the importance of the MTB to job creation and the global competitiveness of US businesses.

"The MTB is very important to manufacturers like BASF, as well as other US manufacturers, especially in light of the globally competitive market that we face today," Eva said, adding that the passage of the legislation "will help BASF Corporation maintain its position as a global, low-cost producer."

Oehmig pointed out that for Glen Raven, one of the world's leading manufacturers of performance fabrics used in the furniture, automotive, safety, marine, and sunshade industries, "the expiration of the MTB has resulted in a significant increase in the [company's] manufacturing costs."

TAGS: tax | business | law | tariffs | manufacturing | legislation | United States | import duty | trade

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