Thursday, March 23, 2017

Rep. Tom Rice (R-SC7) Wants the BAT Which Will Harm His District

Tom Rice of South Carolina's Seventh District is a team player.  He toed the party line for Ways and Means Chairman Kevin Brady (at least on tax reform). In the March 7th #TaxReformTuesday, Rice extolled the party line:



As previously noted, Ways and Means members have reportedly been threatened with losing their seats on this critical committee if they don't pledge to support the terrible BAT.  Rice is a conservative who has supported trade initiatives in the past:  “South Carolina is experiencing a resurgence in manufacturing,” Rice continued. “Our manufacturers need access to the 96 percent of the world’s consumers that live outside of the United States.  Without trade agreements, our manufacturers face substantial barriers selling to consumers in other countries.

That's rich coming from Rice.

As Rice well knows, the Border Adjustment Tax will toast some of the most important employers in his district.  He has supported many of these manufacturers in the past.  Those manufacturers do a lot of importing.  The biggest importer in the Seventh District of South Carolina is Honda. Here is a quote provided by Rice himself:  


"'As our Timmonsville-based facility is the sole global production source for Honda all-terrain (ATV) and side-by-side (SxS) vehicles, Honda of South Carolina Mfg., Inc. understands the benefits of rules-based trade and open investment for increasing market-opening opportunities for our U.S.-origin products,' said Brian Newman, President of Honda of South Carolina Mfg., Inc. 'Therefore, we call upon Congress to pass TPA-2015 in order to strengthen the trade deals that the U.S. negotiates to better benefit American workers, American communities, and companies that manufacture in, and export from, the United States.' and companies that manufacture in, and export from, the United States."


Other large importers in Rice's district include Otis Elevator.  Here is Rice appearing at the Otis plant:


Tour of Otis Elevator Company

Chummy.  I bet they're glad he's their Congressman.  Here is Otis bragging about the honor of hosting Rice:


Otis was induced to build in his district, like Honda, and now they're screwed . . . by their own representative.  Their employees should take revenge at the polls. Other large importers in Rice's district are in auto parts, containers, packaging, molding, plumbing, boat manufacturing, clothing distribution and wire.  A nice spectrum of the economy, all about to get a whopping tax bill at the behest of their Congressman.

Please note that many of these companies sought to manufacture here as a way to gain entry to the U.S. market. Like many manufacturers, they import certain components, as one does in a global supply chain, as part of manufacturing finished goods which are often destined for the U.S. market.  In other words, no export tax relief for such a company.

Should Tom Rice care about these constituents?  Well, he could lose his seat on Ways and Means if he did.  Probably better for him to look after Number One.

As in prior importer profiles, my importer data comes from a public database and represents a two-year period (2015/16).  In Rice's district, there were 619 importers with a total of 16,555 entries in that period of time.  The top 76 of the importers, listed in alpha order below, accounted for 14,864 such entries. That's 29 per day for two years solid, 7,400 per year for only 76 companies.  Those companies employ many thousands of South Carolinians.  At least, they do at the moment.  In a small district (668,000 people), these are consequential numbers.

Tom Rice's planned BAT victims:


3V INCORPORATED GEORGETOWN SC
3V SIGMA GEORGETOWN SC
3V SIGMA USA INC GEORGETOWN SC
AGRU AMERICA INC GEORGETOWN SC
ATLAS IMPORTERS INC MARION SC
AVM INDUSTRIES MARION SC
BENETEAU USA INC MARION SC
BETHUNE NONWOVENS INC BETHUNE SC
CAROLINA PRODUCT SOLUTIONS FLORENCE SC
CONBRACO INDUSTRIES INC PAGELAND SC
DAVID C POOLE INC JOHNSONVILLE SC
DAVINE INT L INC MYRTLE BEACH SC
DEVON OFFICE FURNITURE CHESTERFIELD SC
DUNAWAY YARNS INC FLORENCE SC
E.I.DU PONT DE NEMOURS AND COMPANY MC BEE SC
EI DUPONT DE NEMOURS & CO MC BEE SC
ESAB WELDING AND CUTTING PRODUCTS FLORENCE SC
GENERAL ELECTRIC HEALTHCARE FLORENCE SC
GILDAN HMR HAMER SC DC 09 HAMER SC
GILDAN USA SOUTH CAROLINA DISTR CENTER HAMER SC
GLENDINNING CONWAY SC
GLENDINNING MARINE PRODUCTS INC CONWAY SC
GREENE LE COPR PAWLEYS ISLAND SC
HELIOS GRANITE MYRTLE BEACH SC
HILEX POLY CO LLC HARTSVILLE SC
HONDA TRADING AMERICA CORP TIMMONSVILLE SC
INTERNATIONAL ASSOCIATES HARTSVILLE SC
INTERNATIONAL KNIFE AND SAW FLORENCE SC
JAYS AIR FASTENERS INC LITTLE RIVER SC
JBE INCORPERATED HARTSVILLE SC
JERRY HUBER ASSOCIATES INC PAWLEYS ISLAND SC
JOHNSON CONTROLS BATTERY GROUP FLORENCE SC
KLAUSNER TRADING USA INC MYRTLE BEACH SC
MAGNET PLANT GEMS MAGNET PLANT FLORENCE SC
MANN HUMMEL FILTRATION TECHNOLOGY DILLON SC
MAR MAC WIRE INC MC BEE SC
MARLEY ENGINEERED PRODUCTS  BENNETTSVILLE SC
MARMAC PROTECTIVE APPAREL COMP TIMMONSVILLE SC
MC JAKE LLC 426 MURRELLS INLET SC
METGLAS INC CONWAY SC
MID ATLANTIC STONE MYRTLE BEACH SC
MITCO MANUFACTURING ANDREWS SC
MOREE IND IVERSIDE PUMP CHERAW SC
MULTITECH INDUSTRIES INC MULLINS SC
NAN YA PLASTIC CORPORATION LAKE CITY SC
OTIS ELEVATOR NA MFG FLORENCE SC
PACKAGING SOLUTION INC JOHNSONVILLE SC
PHI HOLDING COMPANY LLC GEORGETOWN SC
PLASTICS PROVIDER INC CONWAY SC
QVC INC FLORENCE SC
RBC BEARINGS HARTSVILLE SC
REGAL CUTTING TOOLS INC LORIS SC
ROCHE CAROLINA INC FLORENCE SC
SAE CONWAY SC
SCHACHE07LOGIN NEHMEN CHERAW SC
SCHAEFFLER GROUP USA INC CHERAW SC
SCREEN TIGHT GEORGETOWN SC
SIRUTHERSDUNN TIMMONSVILLE SC
SONOCO PRODUCTS COMPANY INC HARTSVILLE SC
SOPAKCO PACKAGING DISTRIBUTION BENNETTSVILLE SC
SOUMINEN NONWOVENS BETHUNE SC
SOUTH STAR GRANITE MYRTLE BEACH SC
STANLEY TOOLS CHERAW CHERAW SC
STRAND IMPORT AND DISTRIBUTORS INC MYRTLE BEACH SC
SURE TRAC INC LORIS SC
TEXTILE FIBER INTERNATIONAL LAKE CITY SC
TUPPERWARE US INC HEMINGWAY SC
US BLADES FLORENCE SC
VESUVIUS USA DILLON SC
WELLMAN PLASTICS RECYCLING LLC JOHNSONVILLE SC
WHISPERING PINES SPORTSWEAR INC PAGELAND SC
WHOLESALE BOUTIQUE LLC MURRELLS INLET SC
WINLAR MANAGEMENT BENNETTSVILLE SC
WOLVERINE BRASS INC CONWAY SC
WORTHINGTON IND ENGINEERED CABS FLORENCE SC

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