Push to Renew Tariff Deferral May Be Stalling
Last week, the chairman and top Republican of the House Ways and Means Committee said they would be nudging the administration to offer another round of tariff deferral to importers with sharp drops in revenue (see 2005150057 and 2005130028). But now that it's too late for May payments to be pushed off, the momentum seems to have slowed.
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Rep. Kevin Brady, R-Texas, told International Trade Today, “It slipped off my agenda last week.” He said he does want to talk with Chairman Richard Neal, D-Mass., because he thinks they could get something good going. Brady, who talked with reporters on a conference call, is mostly concerned about the possibility that people receiving more-generous-than-usual unemployment benefits would refuse job offers from their former employers, and spoke at length about how the government should make sure that doesn't happen.