New Jersey Assemblyman Mike Inganamort has voiced concerns regarding the Tariff Transparency Act, asserting that it would impose impractical requirements on businesses. He urged residents to contact legislators to express opposition to the measure.
“The Tariff Transparency Act is literally impossible to comply with,” said Michael J Inganamort. “It’s punishing to New Jersey’s businesses. It deliberately omits the main cost drivers in most products. Call your legislators and help us stop this absurd mandate.”
The Tariff Transparency Act, currently under consideration in New Jersey’s Legislature, mandates that businesses disclose tariff-related costs on product labels. Opponents of the bill argue that it imposes excessive compliance burdens and does not accurately reflect pricing structures.
According to the New Jersey Business & Industry Association, there are over 900,000 small businesses in the state. Many of these businesses warn that the act could increase operational costs and deter commerce within New Jersey.
Economists have noted that tariff-related expenses generally account for less than 2% of total consumer product costs. They suggest that the bill’s labeling requirements would offer minimal benefit to consumers while increasing administrative expenses.
Inganamort, a Republican representing New Jersey’s 24th Legislative District, has focused his legislative efforts on tax reform, economic growth, and government efficiency. He has held various leadership roles at both local and state levels advocating for small business relief.
