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Article: U.S. Lumber Company Execs Appeal to Congress to Block Administration Plan Giving Preferential, Off-budget $500 Million Payments to Competitors.
- Article from:
- PR Newswire
- Article date:
- September 13, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Group Challenges Scheme Where Settlement by U.S. and Canadian Governments of Long-Standing Softwood Lumber Trade Dispute Includes Payout Of $500 Million of Canadian Duty Deposits to a Select Group of U.S. Companies
WASHINGTON, Sept. 13 /PRNewswire/ -- Lumber manufacturers representing firms with operations in more than 16 states are in Washington, D.C. today to appeal to Members of Congress to intervene in the Administration's plans to provide preferential financial benefits of $500 million to a small portion of the U.S. industry. This cash in the hands of a few selected companies will destabilize the domestic lumber industry and circumvents the Congress through ...