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ACC Opposes Reinstatement of Superfund Taxes

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Jennifer Scott
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Tax

WASHINGTON (April 21, 2021) – The American Chemistry Council (ACC) issued the following statement regarding proposals to reinstate Superfund taxes.

“We strongly oppose the reinstatement of Superfund taxes, which would apply to all chemical manufacturers regardless of whether there is a connection to a Superfund site. Superfund is overwhelmingly a program in which responsible parties pay for site remediation. ACC member facilities make up only 1% of Superfund sites, and they are paying for cleanup.

“Superfund taxes would impose new costs on U.S. chemical manufactures and our customers – companies that produce most manufactured goods. Chemical companies alone would pay up to $600 million per year. This could lead to a decline in U.S. production capacity in favor of foreign competitors whose goods would bear no similar tax burden. An excise tax on basic materials gives an edge to foreign manufacturers.

“General revenues should support Superfund, whose budget is used for many purposes, including program administration, research, training grants, education and public outreach, in addition to cleanup of ‘orphan sites.’ These costs are appropriately paid from general revenues, especially since fewer orphan sites remain.”

American Chemistry Council

The American Chemistry Council (ACC) represents the leading companies engaged in the multibillion-dollar business of chemistry. ACC members apply the science of chemistry to make innovative products, technologies and services that make people's lives better, healthier and safer. ACC is committed to improved environmental, health, safety and security performance through Responsible Care®; common sense advocacy addressing major public policy issues; and health and environmental research and product testing. ACC members and chemistry companies are among the largest investors in research and development, and are advancing products, processes and technologies to address climate change, enhance air and water quality, and progress toward a more sustainable, circular economy.

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