Reform the De Minimis Exemption - American Compass

Reform the De Minimis Exemption - American Compass

Estimated Revenue:$23.5 billion 2024–2034. Using import data from Customs and Border Patrol from 2023, the Congressional Budget Office estimates that enacting the End China’s De Minimis Abuse Act would increase revenues from customs duties by about $24 billion over the ten-year budget window. Summary The de minimis rule exempts imported goods from customs duties and taxes if they fall below a certain value. The original purpose was to reduce adm…