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: 
blog comments powered by Disqus
  • A Facial Bar Grows in Brooklyn

    A Facial Bar Grows in Brooklyn

    Christine Esposito, Associate Editor||October 24, 2016
    With three doors in Canada, Blitz Facial Bar opens its first US location in one of the hippest areas of New York.

  • Free and Clear

    Free and Clear

    Melissa Meisel, Associate Editor||October 17, 2016
    OY-L aims for zero-chemical skin care.

  • Coming Clean on a Host of Issues

    October 17, 2016
    Cleaning Products Conference is set for Nov. 9-11, 2016 in Washington DC.

  • Change Is in the Air

    Change Is in the Air

    Doreen Wang, BrandZ ||October 3, 2016
    Technology is changing the personal care market

  • Skin Care of One’s Own

    Skin Care of One’s Own

    Christine Esposito, Associate Editor||October 3, 2016
    Nu Skin’s ageLOC Me—which melds the worlds of smart-phone technology, efficacious ingredients and personalization

  • Proof Positive

    Proof Positive

    Christine Esposito, Associate Editor||October 3, 2016
    Testing service providers enable companies to back up their claims and stay in compliance with regulations.