Today, Congressman Bill Owens voted in favor of legislation that supports thousands of American manufacturing jobs. H.R. 4380, the U.S. Manufacturing Enhancement Act of 2010, contains hundreds of tariff suspensions and reductions that will encourage American companies to manufacture and sell products, saving and creating jobs in the process.
"This bill will provide a boost to Upstate New York manufacturers as they look to create jobs in our community," said Owens. "Our manufacturers, small business owners and family farmers are the ones who will lead the way out of the recession, and it is critical to the economic health of our region that we continue to encourage the growth of American jobs. This legislation does just that, and I am glad to see its passage today."
Commonly referred to as the Miscellaneous Tariff Bill (MTB), the legislation is estimated to support tens of thousands of American jobs, helping to increase U.S. production and expand gross domestic product (GDP) by billions of dollars.
Provisions included in the legislation undergo an extremely thorough vetting process to ensure the benefits do not come at the expense of domestic manufacturers. During the process, the relief provided in H.R. 4380 is temporary, meaning that if a U.S. business begins manufacturing a product covered by a current MTB provision and the business objects to extending the provision when it comes up for renewal, it will not be extended.
The legislation is supported by hundreds of American businesses and trade associations, including the U.S. Chamber of Commerce, the National Association of Manufacturers, the American Manufacturing Trade Action Coalition, and the National Council of Textile Organizations.