The $15 billion superfund tax imposed through the Infrastructure Investment and Jobs Act would be repealed under legislation recently introduced by U.S. Rep. Carol Miller (R-WV).
“Making sure families across our nation can afford the resources they need is one of my main priorities in Congress,” Rep. Miller said on Monday, “and I will continue fighting for policies that put Americans first.”
The Chemical Tax Repeal Act, H.R. 6454, which Rep. Miller cosponsored on Nov. 17 alongside bill sponsor U.S. Rep. Beth Van Duyne (R-TX) and fellow original cosponsor U.S. Rep. Mike Carey (R-OH), would repeal the excise taxes on taxable chemicals and taxable substances, according to the text of the bill.
Specifically, these taxes impact 42 different materials that Rep. Miller says are essential in the production of household goods.
“President Biden’s chemical tax is targeting U.S. chemical manufacturers and burdening hardworking Americans with colossal taxes on everyday household items,” said Rep. Miller. “The Chemical Tax Repeal Act will ensure U.S. manufacturers remain competitive against our adversaries and influence the domestic production of goods.”
H.R. 6454, which has been referred for consideration to the U.S. House Ways and Means Committee, has been endorsed by the American Chemistry Council.
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