WASHINGTON (November 5, 2021) – The American Chemistry Council (ACC) issued the following statement in response to House passage of infrastructure legislation.
“While we commend House lawmakers for joining together to approve legislation to modernize America’s infrastructure, we remain dismayed that the package imposes new Superfund excise taxes on 42 chemicals, critical minerals, and metallic elements – materials used in manufactured goods, including those needed for infrastructure development and climate progress. Electric vehicle infrastructure, renewable energy, advanced coatings, energy-efficiency solutions, and water delivery and purification would be affected.
“Congress has approved legislation that will help bring America’s infrastructure into the 21st Century—including provisions that will spur the development and use of advanced materials that rely on chemistry. But it is short-sighted to undercut such progress with new taxes on many of the critical inputs that make infrastructure modernization possible.
“Additionally, we are concerned about numerous tax hikes and changes currently being considered by Congress as part of the budget reconciliation negotiations. These provisions could lead to massive additional costs for U.S. manufacturers and increased expenses for consumers. U.S. chemical and plastics makers would pay billions more, contributing to higher prices for a variety of goods that American families rely on. We urge Congress and the Biden administration to reject these harmful tax policies.”
