ACC strongly supported comprehensive tax reform as a way to promote domestic investment, new jobs and U.S. competitiveness. Some proposals seeking to change provisions of the Tax Cuts and Jobs Act would lead to increased costs and administrative burdens for U.S. chemical manufacturers.
Tax
$25
Billion in capital investments were made in the business of chemistry in 2022, including investments in structures and equipment
$13
Billion plus invested in research and development by chemical companies in 2022
