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ACC Statement Regarding Chemical Tax Repeal Act

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Scott Openshaw
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WASHINGTON (December 2, 2021) – The American Chemistry Council today released the following statement from its President and CEO Chris Jahn regarding Senate introduction of the Chemical Tax Repeal Act.

“We welcome the Chemical Tax Repeal Act and commend Senators Cruz, Inhofe, Kennedy, Toomey and Lee for their leadership on this critical issue for our nation’s economy. While the Infrastructure Investment and Jobs Act aims to modernize America’s infrastructure, an important goal we can all agree on, perplexingly it also imposes new Superfund excise taxes on 42 chemicals, critical minerals, and metallic elements—materials used in manufactured goods, including the very items needed for infrastructure development and climate progress.

“As a result of this new Superfund tax, America’s global manufacturing competitiveness is threatened by countries like China, and consumers will pay more for a variety of goods. This when Americans are already struggling with surging inflation and rising prices. This misguided ‘pay-for’ singles out the chemical industry, which has been a driver of U.S. investment and job creation over the past decade.

“We urge the Senate to swiftly pass the Chemical Tax Repeal Act in order to reverse this provision that will have far-reaching, negative consequences for our nation’s economy.”

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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