Columbia International Affairs Online: Policy Briefs

CIAO DATE: 08/2010

Hobbling Exports and Destroying Jobs

Gary Clyde Hufbauer, Theodore H. Moran

June 2010

Peterson Institute for International Economics

Abstract

The US House of Representatives has just passed the American Jobs and Closing Tax Loopholes Act (HR 4213). This bill will hurt American workers, reduce American exports, and make American companies less competitive in the international marketplace. Since the US Senate has already passed companion legislation, the American Workers, State, and Business Relief Act (S 3336), these ill-considered bills could soon be reconciled in conference and become the law of the land. If so, American firms and workers will pay the price.