Overregulating the chemistry industry jeopardizes innovation, jobs, and economic growth. Learn more.

  • Read time: 2 minutes
  • Press Release

ACC Welcomes the Chemical Tax Repeal Act

Jennifer Scott

WASHINGTON (April 19, 2023) — The American Chemistry Council (ACC) released the following statement from President and CEO Chris Jahn regarding Senate introduction of the Chemical Tax Repeal Act by Senators Ted Cruz (R-Texas), John Kennedy (R-La.), Mike Lee (R-Utah), and John Barrasso (R-Wy.)

“We welcome the Chemical Tax Repeal Act and commend Senators Cruz, Kennedy, Lee, and Barrasso for their leadership on this critical issue for the U.S. economy. While the Bipartisan Infrastructure Law (BIL) is helping to modernize America’s infrastructure, it also imposed new Superfund excise taxes on 42 chemicals, critical minerals, and metallic elements. These materials are used in manufactured goods, including the very items needed for infrastructure development.

“As a result of these misguided new taxes, our nation’s global manufacturing competitiveness is further threatened by countries like China. This when Americans are already struggling with debilitating inflation and high prices. The taxes single out the chemical industry at a time when supply chain challenges and freight transportation disruptions continue to be a major problem for the U.S. business of chemistry and the broader economy.

“We urge the Senate to swiftly pass the Chemical Tax Repeal Act to reverse this harmful provision that will make it more difficult for American chemistry to be a driver of U.S. investment and job creation.”

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.

We use cookies to personalize content and ads, to provide social media features, and to analyze our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.

Privacy Policy - Terms & Conditions