National Association of Manufacturers (NAM) President and CEO Jay Timmons released the following statement on the unanimous passage of H.R. 4318, the Miscellaneous Tariff Bill (MTB) Act of 2018, by the U.S. Senate:
“This is a significant step forward for manufacturers, who, along with other businesses, are losing nearly $1 million every day until this bill becomes law,” said Timmons. “Right now, manufacturers are hit with costly, senseless taxes any time they buy products or supplies that aren’t available in the United States. It makes no sense because it is a direct and punishing tax on making things in America and for creating jobs in America. This bill ends that unfairness and helps manufacturers in the United States better compete for business with companies in China, Europe and elsewhere. Manufacturers need Congress to get this done—to level the playing field and secure the jobs of American manufacturing workers. We urge the House to act quickly, pass the Senate version of the bill and get it to President Trump’s desk for his signature.”
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