Opinion: Tort costs drive down U.S. manufacturing competitiveness

07/10/2013 | Washington Times, The

BP is pushing back against egregious and fraudulent claims made under its Gulf Coast settlement fund, according to this opinion article. It is necessary and in the long run will benefit the economy, the author notes, citing MAPI figures that show tort costs contribute to the U.S. manufacturing industry's competitive disadvantage on a global scale -- namely, it is 20% more expensive to manufacture in the U.S. compared to major competitors.

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