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NCTO expresses strong disappointment with passage of Climate bill
29 Jun '09
1 min read
NCTO expressed strong disappointment with passage of the Climate bill by the House last month and vowed to work to change the bill's provisions in the Senate.
NCTO President Cass Johnson said, "NCTO, along with virtually every other manufacturing sector, opposed this bill because it will significantly increase energy costs for domestic manufacturers but not those of its overseas competitors. With manufacturing in the United States sustaining record employment losses, it is an especially bitter pill when the House passes a bill that will only ensure more job flight overseas.
While last minute language was added regarding border adjusted taxation, this language is too discretionary and would not allow the textile industry, even if the measure is implemented, to benefit because the trade impacted industries are not given a high enough priority."
NCTO President Cass Johnson said, "NCTO, along with virtually every other manufacturing sector, opposed this bill because it will significantly increase energy costs for domestic manufacturers but not those of its overseas competitors. With manufacturing in the United States sustaining record employment losses, it is an especially bitter pill when the House passes a bill that will only ensure more job flight overseas.
While last minute language was added regarding border adjusted taxation, this language is too discretionary and would not allow the textile industry, even if the measure is implemented, to benefit because the trade impacted industries are not given a high enough priority."
National Council of Textile Organizations
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