Breaking News

SOCMA Welcomes House Introduction of Miscellaneous Tariff Bill

September 27, 2013

The Society of Chemical Manufacturers and Affiliates (SOCMA) welcomed the introduction in the House of Representatives of the Miscellaneous Tariff Bill (MTB), thereby helping create and preserve thousands of US chemical manufacturing jobs, according to the organization.

“SOCMA commends House Ways and Means Committee Chairman Dave Camp and Ranking Member Sander Levin for spearheading this bipartisan bill,” said SOCMA president and CEO Lawrence D. Sloan. “The coordination on this bill has taken much effort over many months. We appreciate the work from agencies and Congress that went into this legislation.”

The MTB is a compilation of individual duty suspension bills introduced by members on behalf of companies in their Congressional district or, in the case of a Senator, their state. The bills request a duty be suspended on a specific input into a manufacturing process.
According to SOCMA, the MTB is crucial for its member companies and manufacturers of all sizes who face higher tariffs on inputs not otherwise available in the US.

The last MTB passed by Congress in 2010 had been estimated to support more than 90,000 manufacturing jobs and 3.5 billion in GDP growth.

The tariff savings from inputs that are not domestically manufactured lowers the cost of manufacturing, making U.S. companies more competitive. 

“The MTB allows SOCMA members to continue to support American jobs, reinvesting in innovative businesses and workers,” Sloan added. “With the majority of our members being small and medium sized, this represents one to two jobs at any given facility.”

More info: www.socma.com 
  • Skin of Color Society Connects Experts

    Skin of Color Society Connects Experts

    Melissa Meisel, Associate Editor||January 16, 2017
    Dermatologists from across the nation share information and ideas.

  • Erasa

    Erasa's New Evangelist(a)

    January 9, 2017
    Impressed by the performance of its hero SKU, supermodel Linda Evangelista joins the company in a hand's on role.

  • Discourse on Disclosure

    Discourse on Disclosure

    Tom Branna, Editorial Director||January 6, 2017
    Transparency impacts the cleaning industry.

  • Hitting the Right Notes

    Hitting the Right Notes

    January 6, 2017
    Agilex Fragrances is the leader in the middle market fragrance category.

  • The Smell of Clean in 2017

    The Smell of Clean in 2017

    January 6, 2017
    Changing consumer lifestyles and demographics are impacting the scents found in the household cleaning category.

  • On the Edge

    On the Edge

    January 6, 2017
    Expanding beauty brands to watch in 2017