Mid City Times

U.S. Representatives Beth Van Duyne, Carol Miller, Darin LaHood, and Mike Carey have put forward a new legislative effort to repeal a tax introduced during President Biden's administration. The tax in question targets chemical manufacturers and has been described as imposing $15 billion in taxes on materials used in producing household goods.

Rep. Van Duyne emphasized the aim of the legislation: "As part of my effort to lower costs for working families and empower American companies to compete on a level playing field against countries like China, I’m reintroducing the Chemical Tax Repeal Act." She added that the tax "drove up prices for goods like soap, lightbulbs, and electronics while putting U.S. manufacturers at a disadvantage."

Rep. Miller also criticized the tax: “The U.S. chemical industry has been wrongfully targeted by President Biden’s Superfund tax ever since the Infrastructure Investment and Jobs Act of 2021.” She supports the repeal to protect American manufacturers from what she describes as unfair competition.

According to Rep. LaHood, "The wrongful reinstatement of the Superfund excise tax under the Biden-Harris Administration has led to higher prices on household products for everyday Americans." He expressed pride in joining efforts to introduce the repeal act.

Chris Jahn, President and CEO of the American Chemistry Council, welcomed this move: “We welcome House reintroduction of the Chemical Tax Repeal Act.” He noted that estimates suggest these taxes could significantly impact the economy by 2031.

Eric Byer from the Alliance for Chemical Distribution stated that since its reinstatement in 2021, the tax "has created significant regulatory and financial challenges" particularly affecting small businesses. He called for swift passage of the repeal act.

This legislative initiative was initially presented by Representatives Van Duyne, Miller, and Carey during an earlier Congress session.