Manufacturers Are Asking Congress to Pass the Miscellaneous Tariff Bill

Joe Weinlick
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American manufacturers face a myriad of diverse changes that threaten the profitability and long-term success of these companies. In order to remain competitive in the global landscape, many of these organizations have asked Congress to pass manufacturing legislation that limits the import duties on materials utilized in the building process. While manufacturing tax breaks are not the only way to boost an American manufacturer's position in the marketplace, they do make a significant impact.

Over the course of the past few decades, American consumers have become accustomed to purchasing goods manufactured overseas. The shift towards offshoring and outsourcing can be attributed to many different factors, but lack of sufficient manufacturing legislation and lower costs abroad are two of the largest contributors. A miscellaneous tariff bill would serve to help struggling manufacturers to cut costs and invest resources in local workforces, rather than requiring manufacturers to pay expensive taxes on materials that are essential for these companies.

While overseas manufacturing now accounts for a huge portion of the goods sold in the United States, positive changes are underfoot within the sector. Rising wages overseas and highly efficient production methods in domestic factories have begun to encourage new growth in the United States. By suggesting that Congress pass a miscellaneous tariff bill, manufacturers are hoping that the government's actions will further foster growth domestically. Additionally, one of these bills will limit the growth of international economies that have a negative effect on domestic GDP.

Although many manufacturers now offshore their operations, the United States Congress has a long history of supporting the manufacturing sector through miscellaneous tariff bills. In most instances, the enactment of such bills raises few eyebrows. Manufacturing legislation does not discourage companies from working with domestic groups, as manufacturers must demonstrate that products imported from abroad are unavailable in the United States to receive manufacturing tax breaks.

Congress has plenty of reasons to consider manufacturing legislation such as miscellaneous tariff bills, but politicians must also weigh the repercussions of these bills. Manufacturing bills benefit this sector enormously, but the government does lose revenue from import duties by enacting such legislation. In order to convince Congress to consider such bills, many experts within the manufacturing sector have conducted studies to show how the failure to support manufacturing legislation would wreak havoc on the national economy.

Many manufacturers now utilize the services of lobbyists to generate support for miscellaneous tariff bills in Congress, but there is massive public support for these bills as well. By supporting this form of manufacturing legislation, American consumers support local businesses and workforces while simultaneously contributing to the stability of the nation's economy. For this reason, many manufacturers have joined hands with members of the general public as a rallying cry to encourage Congress' action.

Photo courtesy of Tungphoto at FreeDigitalPhotos.net

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