Cost Reductions for Manufacturers on the Way? Congress Begins MTB Comment Process

The House Ways and Means Committee and Senate Finance Committee opened the public comment period for all legislation introduced as part of the Miscellaneous Tariff Bill (MTB) process, according to separate committee announcements on May 24 and May 25. MTB provisions allow U.S. manufacturers to be globally competitive by reducing the cost of production in the U.S.

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Founded in 1937, SPI: The Plastics Industry Trade Association promotes growth in the $380 billion U.S. plastics industry. Representing nearly 900,000 American workers in the third largest U.S. manufacturing industry, SPI delivers advocacy, market research, industry promotion, and the fostering of business relationships and zero waste strategies. SPI also owns and produces the international NPE trade show. All profits from NPE are reinvested into SPI’s industry services. Find SPI online at www.plasticsindustry.org and www.inthehopper.org.

"From resin suppliers and equipment makers to processors and brand owners, SPI is proud to represent all facets of the U.S. plastics industry," said William R. Carteaux, president and CEO, SPI. Our most recent economic reports show that the plastics industry as a whole is resilient, and has come through the recession significantly better than other U.S. manufacturing sectors."