Like Causes?

Install the App
TRY NOW

house Bill H.R. 4923

Lowering Tariffs on Intermediate Goods for U.S. Manufacturers

Argument in favor

American manufacturers need help competing in the global economy, and reducing tariffs on goods they use in making their products well help those businesses thrive. This legislation empowers them to directly request changes in tariffs without relying on Congress and makes the process more transparent.

AndrewGVN's Opinion
···
04/29/2016
Lower taxes and tariffs in general, we need government to get out of our economic lives. The amount of taxes and regulations put on against companies and businesses is not helping the free market. We should lower things such as corporation tax and tariffs to benefit businesses, which will lead to benefits all around.
Like (6)
Follow
Share
ptcdcs's Opinion
···
04/28/2016
We should stop punishing businesses for making money, and start encouraging them to help the economy by staying in the country.
Like (3)
Follow
Share
Zaq's Opinion
···
09/10/2016
Tariffs raise prices on domestically manufactured goods and the prices manufacturers are able to offer their trading partners for their goods, forcing consumers at home to pay more as well as reducing their ability to compete in the world market
Like (2)
Follow
Share

Argument opposed

The existing process for reducing tariffs on American manufacturers is good enough and doesn’t need to be reformed. Members of Congress are very responsive to the concerns of their constituents in the business community, so manufacturers don’t need to directly request changes in tariffs on imports.

David's Opinion
···
04/28/2016
Tariffs are either enacted by Congress or they are not. There should not be some super-secret executive-branch process by which the well-connected can secure a more favorable business climate through their "man in Washington". If a tariff is bad for American interests overall, and many are, Congress must be the branch to repeal it.
Like (6)
Follow
Share
SherryTX's Opinion
···
04/27/2016
I think this is a good idea, BUT the process in which one goes about "petitioning" is rife with bureaucracy. Reduce tariffs across the board or do nothing. This Bill leaves too much room for arbitrary decisions by unelected officials.
Like (3)
Follow
Share
cmesin's Opinion
···
04/28/2016
This bill needs a lot of fixing. Call me back later
Like (1)
Follow
Share

What is House Bill H.R. 4923?

This bill aims to help American manufacturers compete in the global market by creating a new process for the House to consider manufacturing tax cuts through the Miscellaneous Tariff Bill (MTB). 

MTBs request the temporary reduction or suspension of duties on certain imported intermediate goods (meaning they’re used in the production of something else) not made domestically.

The new process would allow local U.S. businesses to directly petition the International Trade Commission (ITC) rather than relying on members of Congress to introduce the petition as a bill.

The ITC would analyze the request and recommend changes to stay within MTB requirements in a report provided to Congress and made publicly available. Then the House Ways and Means Committee would draft MTB legislation that it would have to certify as containing no earmarks.

Impact

American manufacturers; the ITC; and Congress — particularly the House Ways and Means Committee.

Cost of House Bill H.R. 4923

A CBO cost estimate is unavailable.

More Information

In-Depth: Sponsoring Rep. Kevin Brady (R-TX) introduced this bill to make American manufacturers more competitive:

“This bipartisan bill will empower American manufacturers to compete around the world, create new jobs at home, and grow our economy. We’ve also made sure that the new process strictly upholds our earmark ban and that the American people are involved in every step along the way.

This legislation was passed by the House Ways and Means Committee on a voice vote. It currently has the bipartisan support of 61 cosponsors in the House — including 43 Republicans and 18 Democrats.


Media:

Summary by Eric Revell
(Photo Credit: Jones Management - Own work, CC BY-SA 4.0 via Wikimedia Commons) 

AKA

American Manufacturing Competitiveness Act of 2016

Official Title

To establish a process for the submission and consideration of petitions for temporary duty suspensions and reductions, and for other purposes.

bill Progress


  • EnactedMay 20th, 2016
    The President signed this bill into law
  • The senate Passed May 10th, 2016
    Passed by Voice Vote
  • The house Passed April 27th, 2016
    Roll Call Vote 415 Yea / 2 Nay
      house Committees
      Trade
      Committee on Rules
      Committee on Ways and Means
    IntroducedApril 13th, 2016

Log in or create an account to see how your Reps voted!