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  • Press Release

ACC Statement Regarding Chemical Tax Repeal Act

Scott Openshaw

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’s mission is to advocate for the people, policy, and products of chemistry that make the United States the global leader in innovation and manufacturing. To achieve this, we: Champion science-based policy solutions across all levels of government; Drive continuous performance improvement to protect employees and communities through Responsible Care®; Foster the development of sustainability practices throughout ACC member companies; and Communicate authentically with communities about challenges and solutions for a safer, healthier and more sustainable way of life. Our vision is a world made better by chemistry, where people live happier, healthier, and more prosperous lives, safely and sustainably—for generations to come.

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