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Tariff Measure Set to go to President

Jun 4, 1999

Congress is set to send legislation to President Clinton that would slash or eliminate hundreds of tariffs on U.S. importst. Products like iun-line skating boots to drugs needed to help fight cancer will enter the U.S. with little or no tariffs.

Unlike past tariff measures, these reductions are actually being requested by U.S. businesses. Instead of the usual debate centered over which businesses will be harmed and which will benefit, most of the debate has centered around the loss of federal revenues due to the tariffs reductions.

The measure passed the house in February 414 to 1. Now, the Senate passed the legislation May 27, paving the way for a conference committee. But sources indicate that the House may just accept the Senate version, allowing the bill to go onto the President, who has voiced support.

The legislation would cost about $69 million in lost federal revenues over the next three years.

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7. Sep 16, 1999 10:37 PM
A most interesting link, thanks Gerald.

-- posted by not_him_again

6. Sep 16, 1999 7:16 AM
It seems like each month sets a new record current deficit. Can this go on forever? If not, where and when will it end?

Seems as though this thing they have been calling "free trade" is not free ...

-- posted by GeraldS_2

5. Jul 1, 1999 1:29 PM
Recessions are a thing of the past ! ! ! ! ! ! !

In exporting our industry, we have also exported our recessions ! ! ! ! ! (Because recessions are the result of overproduction and under demand. Er ...

-- posted by GeraldS_2

4. Jun 29, 1999 1:22 AM
Thank you Bryan, and I certainly appreciate the effort, no matter how long it took. I am always interested in your take on these matters. ...

-- posted by not_him_again

3. Jun 24, 1999 11:43 AM
Sorry it took so long to get back to you.

I basically copied in this week's piece so I can refer to it.

To answer your question, I think that the tariff relief is just a bump in the road in an o ...

-- posted by BJohnson

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