NAM Members Take to Capitol Hill to Ask Congress to Pass a Miscellaneous Tariff Bill
Members of the National Association of Manufacturers (NAM) went to Capitol Hill on June 17 to ask lawmakers to pass a Miscellaneous Tariff Bill (MTB), NAM said in a press release. "While the MTB enjoys broad bipartisan support in both…
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chambers of Congress, it remains hamstrung by inside-the-beltway politics," said NAM. "Congress’s failure to act on this jobs bill couldn’t come at a worse time, as manufacturers struggle to regain their footing in a still-struggling economy." An MTB, typically passed by every congress to suspend tariffs on certain products, faces an uphill battle in this Congress due to a dispute over whether MTB violates a ban on earmarks (see 13103117). "For three decades on a bipartisan basis, Congress has approved this critical legislation, which suspends import tariffs on essential manufacturing inputs and products that are not produced in the United States," said a NAM fact sheet on the issue (here) "Unless Congress acts quickly, costs will continue to mount for manufacturers and jobs will continue to be negatively impacted."