ROKITA PROMOTES ECONOMIC GROWTH THROUGH REMOVAL OF BURDENSOME TARIFFS

Press Release

Today, U.S. Rep. Todd Rokita issued the following statement after Ways & Means Chairman Kevin Brady introduced H.R. 4923, the American Manufacturer Competitiveness Act of 2016, on which Rep. Rokita is an original cosponsor.

"The introduction of this bill is an important step to restoring the competitiveness of Hoosier manufacturers. Indiana is a state that works and produces in-demand goods. The American Manufacturers Competitiveness Act provides Indiana businesses and job creators with needed tax relief. This bill would protect industries like textiles, pharmaceuticals, and manufacturing from $750 million in onerous annual taxes that other nations are already waiving. By leveling the playing field with foreign competitors, our American job creators can invest more at home," said Rep. Rokita.

The American Manufacturer Competitiveness Act restores a process that allows American manufacturers to request waivers on tariffs for products not found or produced in the United States for which there is no domestically available counterpart. Any products considered for tariff waivers will need to be vetted by the International Trade Commission (ITC) and made publicly available for review before being considered by Congress.

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