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On behalf of 67 companies from throughout the plastics industry value chain, the Plastics Industry Association (PLASTICS) delivered a letter to leaders in the U.S. House of Representatives and U.S. Senate expressing concerns about the proposed inclusion of a 20 cent per pound tax on virgin plastic resin in the budget reconciliation package.
Specifically, the letter raises concerns about increased costs to the entire plastics industry value chain and reduced U.S. manufacturing competitiveness. Additionally, there has been a lack of expert analysis, public debate, and other considerations associated with the regular legislative process, but not included in the “fast track” reconciliation process.
This latest correspondence follows a similar letter sent to Congress last week from a coalition of 23 trade associations.
For more details: www.plasticsindustry.org