TPP could cut $102 million in taxes on Connecticut employers over five years

Posted on by Dan Anthony

According to new research on Connecticut’s imports from the so-called “new TPP” countries not covered by existing free trade agreements (i.e., Brunei, Japan, Malaysia, New Zealand, and Vietnam), the TPP would cut import taxes paid by Connecticut employers dramatically. These benefits come in addition to opening new markets for exports and modernizing outdated rules.

How much could Connecticut employers save? In 2015, imports into Connecticut from new TPP countries faced an estimated $23.5 million in tariffs (i.e., taxes). TPP could eliminate 88 percent of these taxes by year five, saving as much as $102.2 million over that period, as shown in the graph below.

tpp_state_connecticut_cuts

What types of products would be impacted? Imports into Connecticut are a mix of raw materials and components used by American manufacturers and finished goods sold directly to American families. Clearly, not all the tariffs go away: many imports are subject to phase-outs and tariffs would remain in place for up to 30 years on certain sensitive items. The box below highlights select imports into Connecticut whose import taxes would fall to zero upon implementation of TPP.

tpp_state_connecticut_products

Looking for more information? Please use the links below to:

If you would benefit from TPP and want Congress to pass it this year, please click here to add you name to the free TPP importers list now.

 

TPP could cut $33 million in taxes on Arkansas employers over five years

Posted on by Dan Anthony

According to new research on Arkansas’ imports from the so-called “new TPP” countries not covered by existing free trade agreements (i.e., Brunei, Japan, Malaysia, New Zealand, and Vietnam), the TPP would cut import taxes paid by Arkansas employers dramatically. These benefits come in addition to opening new markets for exports and modernizing outdated rules.

How much could Arkansas employers save? In 2015, imports into Arkansas from new TPP countries faced an estimated $8.1 million in tariffs (i.e., taxes). TPP could eliminate 82 percent of these taxes by year five, saving as much as $33.0 million over that period, as shown in the graph below.

tpp_state_arkansas_cuts

What types of products would be impacted? Imports into Arkansas are a mix of raw materials and components used by American manufacturers and finished goods sold directly to American families. Clearly, not all the tariffs go away: many imports are subject to phase-outs and tariffs would remain in place for up to 30 years on certain sensitive items. The box below highlights select imports into Arkansas whose import taxes would fall to zero upon implementation of TPP.

tpp_state_arkansas_products

Looking for more information? Please use the links below to:

If you would benefit from TPP and want Congress to pass it this year, please click here to add you name to the free TPP importers list now.

 

TPP could cut $133 million in taxes on West Virginia employers over five years

Posted on by Dan Anthony

According to new research on West Virginia’s imports from the so-called “new TPP” countries not covered by existing free trade agreements (i.e., Brunei, Japan, Malaysia, New Zealand, and Vietnam), the TPP would cut import taxes paid by West Virginia employers dramatically. These benefits come in addition to opening new markets for exports and modernizing outdated rules.

How much could West Virginia employers save? In 2015, imports into West Virginia from new TPP countries faced an estimated $28.5 million in tariffs (i.e., taxes). TPP could eliminate 96 percent of these taxes by year five, saving as much as $133.2 million over that period, as shown in the graph below.

tpp_state_west_virginia_cuts

What types of products would be impacted? Imports into West Virginia are a mix of raw materials and components used by American manufacturers and finished goods sold directly to American families. Clearly, not all the tariffs go away: many imports are subject to phase-outs and tariffs would remain in place for up to 30 years on certain sensitive items. The box below highlights select imports into West Virginia whose import taxes would fall to zero upon implementation of TPP.

tpp_state_west_virginia_products

More information. The one-page fact sheet with the above information (and more) on potential TPP import benefits for West Virginia employers is available here, while sheets with potential TPP import benefits for all states are available here.

Looking for more information? Please use the links below to:

If you would benefit from TPP and want Congress to pass it this year, please click here to add you name to the free TPP importers list now.

TPP could cut $156 million in taxes on Virginia employers over five years

Posted on by Dan Anthony

According to new research on Virginia’s imports from the so-called “new TPP” countries not covered by existing free trade agreements (i.e., Brunei, Japan, Malaysia, New Zealand, and Vietnam), the TPP would cut import taxes paid by Virginia employers dramatically. These benefits come in addition to opening new markets for exports and modernizing outdated rules.

How much could Virginia employers save? In 2015, imports into Virginia from new TPP countries faced an estimated $51.2 million in tariffs (i.e., taxes). TPP could eliminate 64 percent of these taxes by year five, saving as much as $156.2 million over that period, as shown in the graph below.

tpp_state_virginia_cuts

What types of products would be impacted? Imports into Virginia are a mix of raw materials and components used by American manufacturers and finished goods sold directly to American families. Clearly, not all the tariffs go away: many imports are subject to phase-outs and tariffs would remain in place for up to 30 years on certain sensitive items. The box below highlights select imports into Virginia whose import taxes would fall to zero upon implementation of TPP.

tpp_state_virginia_products

Looking for more information? Please use the links below to:

If you would benefit from TPP and want Congress to pass it this year, please click here to add you name to the free TPP importers list now.

TPP could cut $650 million in taxes on Illinois employers over five years

Posted on by Dan Anthony

According to new research on Illinois’ imports from the so-called “new TPP” countries not covered by existing free trade agreements (i.e., Brunei, Japan, Malaysia, New Zealand, and Vietnam), the TPP would cut import taxes paid by Illinois employers dramatically. These benefits come in addition to opening new markets for exports and modernizing outdated rules.

How much could Illinois employers save? In 2015, imports into Illinois from new TPP countries faced an estimated $153.5 million in tariffs (i.e., taxes). TPP could eliminate 90 percent of these taxes by year five, saving as much as $655.5 million over that period, as shown in the graph below.

tpp_state_illinois_cuts

What types of products would be impacted? Imports into Illinois are a mix of raw materials and components used by American manufacturers and finished goods sold directly to American families. Clearly, not all the tariffs go away: many imports are subject to phase-outs and tariffs would remain in place for up to 30 years on certain sensitive items. The box below highlights select imports into Illinois whose import taxes would fall to zero upon implementation of TPP.

tpp_state_illinois_products

Looking for more information? Please use the links below to:

If you would benefit from TPP and want Congress to pass it this year, please click here to add you name to the free TPP importers list now.

TPP could cut $38 million in taxes on Iowa employers over five years

Posted on by Dan Anthony

According to new research on Iowa’s imports from the so-called “new TPP” countries not covered by existing free trade agreements (i.e., Brunei, Japan, Malaysia, New Zealand, and Vietnam), the TPP would cut import taxes paid by Iowa employers dramatically. These benefits come in addition to opening new markets for exports and modernizing outdated rules.

How much could Iowa employers save? In 2015, imports into Iowa from new TPP countries faced an estimated $9.4 million in tariffs (i.e., taxes). TPP could eliminate 82 percent of these taxes by year five, saving as much as $38.3 million over that period, as shown in the graph below.

tpp_state_iowa_cuts

What types of products would be impacted? Imports into Iowa are a mix of raw materials and components used by American manufacturers and finished goods sold directly to American families. Clearly, not all the tariffs go away: many imports are subject to phase-outs and tariffs would remain in place for up to 30 years on certain sensitive items. The box below highlights select imports into Iowa whose import taxes would fall to zero upon implementation of TPP.

tpp_state_iowa_products

Looking for more information? Please use the links below to:

If you would benefit from TPP and want Congress to pass it this year, please click here to add you name to the free TPP importers list now.

TPP could cut $54 million in taxes on Minnesota employers over five years

Posted on by Dan Anthony

According to new research on Minnesota’s imports from the so-called “new TPP” countries not covered by existing free trade agreements (i.e., Brunei, Japan, Malaysia, New Zealand, and Vietnam), the TPP would cut import taxes paid by Minnesota employers dramatically. These benefits come in addition to opening new markets for exports and modernizing outdated rules.

How much could Minnesota employers save? In 2015, imports into Minnesota from new TPP countries faced an estimated $12.1 million in tariffs (i.e., taxes). TPP could eliminate 93 percent of these taxes by year five, saving as much as $53.9 million over that period, as shown in the graph below.

tpp_state_minnesota_cuts

What types of products would be impacted? Imports into Minnesota are a mix of raw materials and components used by American manufacturers and finished goods sold directly to American families. Clearly, not all the tariffs go away: many imports are subject to phase-outs and tariffs would remain in place for up to 30 years on certain sensitive items. The box below highlights select imports into Minnesota whose import taxes would fall to zero upon implementation of TPP.

tpp_state_minnesota_products

Looking for more information? Please use the links below to:

If you would benefit from TPP and want Congress to pass it this year, please click here to add you name to the free TPP importers list now.

 

TPP could cut $195 million in taxes on Massachusetts employers over five years

Posted on by Dan Anthony

According to new research on Massachusetts’ imports from the so-called “new TPP” countries not covered by existing free trade agreements (i.e., Brunei, Japan, Malaysia, New Zealand, and Vietnam), the TPP would cut import taxes paid by Massachusetts employers dramatically. These benefits come in addition to opening new markets for exports and modernizing outdated rules.

How much could Massachusetts employers save? In 2015, imports into Massachusetts from new TPP countries faced an estimated $51.2 million in tariffs (i.e., taxes). TPP could eliminate 78 percent of these taxes by year five, saving as much as $195.5 million over that period, as shown in the graph below.

tpp_state_massachusetts_cuts

What types of products would be impacted? Imports into Massachusetts are a mix of raw materials and components used by American manufacturers and finished goods sold directly to American families. Clearly, not all the tariffs go away: many imports are subject to phase-outs and tariffs would remain in place for up to 30 years on certain sensitive items. The box below highlights select imports into Massachusetts whose import taxes would fall to zero upon implementation of TPP.

tpp_state_massachusetts_products

Looking for more information? Please use the links below to:

If you would benefit from TPP and want Congress to pass it this year, please click here to add you name to the free TPP importers list now.

 

TPP could cut $370 million in taxes on Florida employers over five years

Posted on by Dan Anthony

According to new research on Florida’s imports from the so-called “new TPP” countries not covered by existing free trade agreements (i.e., Brunei, Japan, Malaysia, New Zealand, and Vietnam), the TPP would cut import taxes paid by Florida employers dramatically. These benefits come in addition to opening new markets for exports and modernizing outdated rules.

How much could Florida employers save? In 2015, imports into Florida from new TPP countries faced an estimated $136.4 million in tariffs (i.e., taxes). TPP could eliminate 55 percent of these taxes by year five, saving as much as $370.0 million over that period, as shown in the graph below.

tpp_state_florida_cuts

What types of products would be impacted? Imports into Florida are a mix of raw materials and components used by American manufacturers and finished goods sold directly to American families. Clearly, not all the tariffs go away: many imports are subject to phase-outs and tariffs would remain in place for up to 30 years on certain sensitive items. The box below highlights select imports into Florida whose import taxes would fall to zero upon implementation of TPP.

tpp_state_florida_products

Looking for more information? Please use the links below to:

If you would benefit from TPP and want Congress to pass it this year, please click here to add you name to the free TPP importers list now.

 

TPP could cut $11 million in taxes on Hawaii employers over five years

Posted on by Dan Anthony

According to new research on Hawaii’s imports from the so-called “new TPP” countries not covered by existing free trade agreements (i.e., Brunei, Japan, Malaysia, New Zealand, and Vietnam), the TPP would cut import taxes paid by Hawaii employers dramatically. These benefits come in addition to opening new markets for exports and modernizing outdated rules.

How much could Hawaii employers save? In 2015, imports into Hawaii from new TPP countries faced an estimated $9.0 million in tariffs (i.e., taxes). TPP could eliminate 28 percent of these taxes by year five, saving as much as $10.9 million over that period, as shown in the graph below.

tpp_state_hawaii_cuts

What types of products would be impacted? Imports into Hawaii are a mix of raw materials and components used by American manufacturers and finished goods sold directly to American families. Clearly, not all the tariffs go away: many imports are subject to phase-outs and tariffs would remain in place for up to 30 years on certain sensitive items. The box below highlights select imports into Hawaii whose import taxes would fall to zero upon implementation of TPP.

tpp_state_hawaii_products

Looking for more information? Please use the links below to:

If you would benefit from TPP and want Congress to pass it this year, please click here to add you name to the free TPP importers list now.