Congressman
Tom Reed has lead 65 of his freshman colleagues in sending a letter to House of
Representatives leadership supporting the Miscellaneous Tariff Bill (MTB)
process. “The way to build manufacturing jobs in America is to reduce the
costs of making goods here in the U.S.,” Reed observed. “The MTB process
protects and creates jobs by doing just that.”
Over
600 duty suspension and reduction provisions enacted in the last Congress are
set to expire at year’s end and, if allowed to do so, would amount to a tax
increase. The reductions are for products which
manufacturers need but cannot obtain domestically. “We must prevent this tax
hike that will hurt American manufacturing and jeopardize jobs,” Reed
said.
“The
MTB has been an important tool for making American manufacturing more
competitive for 30 years… given the fragile
state of our economic recovery, the MTB remains critical to expanding
manufacturing employment,” Reed wrote in the letter.
Upstate
New York companies of all sizes, from large manufacturers like Corning, Inc.,
to small manufacturers such as the Vere Sandal Company of Geneva, utilize the
suspensions or reductions granted by MTB to lower the cost of producing goods
in the United States. “Lower domestic production
costs protect American jobs and mean lower prices for consumers,” Reed
commented.
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