Failure to Pass Miscellaneous Tariff Bill Would Place Tax on American Manufacturing

With the deadline to submit duty suspensions now passed, chemical manufacturers are awaiting resolution of a stalemate between the U.S. House of Representatives and the Senate to move these bills forward before they expire at the end of the year, when they would essentially levy a tax on American manufacturing, increase the cost of domestic production and decrease global competitiveness. The Miscellaneous Tariff Bill (MTB), a compilation of individual duty suspension bills introduced by members of Congress on behalf of companies in their districts; or in case of...

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