Manufacturers support passage of Miscellaneous Tariff Bill.
Press Release Summary:
According to NAM President and CEO John Engler, manufacturers are pleased that the Senate passed Miscellaneous Tariff Bill, HR 4380. NAM has been working to educate Congress on the importance of this bill and how it will preserve and expand American jobs. Legislation will also cut costs of doing business in U.S. and boost American manufacturing exports. Studies show that if enacted, these provisions would increase production by $4.6 billion and support almost 90,000 jobs.
Original Press Release:
Senate Passage of Miscellaneous Tariff Bill Is Victory for Job Creation
Legislation Will Help Manufacturers Create jobs and Compete in Global Marketplace
Washington, D.C., - The National Association of Manufacturers (NAM) President and CEO John Engler issued the following statement today after the Senate voted to approve the Miscellaneous Tariff Bill (HR 4380), the U.S. Manufacturing Enhancement Act:
"Manufacturers are pleased the Senate passed the Miscellaneous Tariff Bill (MTB) today. The NAM has been working relentlessly to educate Congress on the importance of this bill and how it will preserve and expand good American jobs. This legislation will also cut the costs of doing business in the United States and boost American manufacturing exports. In fact, studies show that if enacted, these provisions would increase production by $4.6 billion and support almost 90,000 jobs.
Manufacturers of all sizes use these vital tariff suspensions to obtain raw materials, proprietary inputs and other products that are not available in our nation. Without them, the costs of these companies' products will inevitably increase, forcing them to pass on these costs to consumers. This hinders competitiveness and translates into lost jobs for American workers.
We applaud the House of Representatives and the Senate for passing this important job-creating legislation and we urge President Obama to sign this bill into law quickly."
The National Association of Manufacturers is the nation's largest industrial trade association, representing manufacturers in every industrial sector and in all 50 states. Manufacturing has a presence in every single congressional district providing good, high-paying jobs. For more information about the Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visit www.nam.org.
