Reps. Van Duyne, Miller, LaHood, and Carey Lead Effort to Repeal $15 Billion Biden-Era Tax

Washington, D.C. - Yesterday, U.S. Representatives Beth Van Duyne (TX-24), Carol Miller (WV-01), Darin LaHood (IL-16), and Mike Carey (OH-15) introduced legislation to repeal the harmful Biden-era Superfund Tax targeting chemical manufacturers with $15 billion in taxes on materials essential in the production of household goods.

"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," said Rep. Van Duyne. "President Biden's highly flawed chemical tax drove up prices for goods like soap, lightbulbs, and electronics while putting U.S. manufacturers at a disadvantage against countries like China. I'm grateful for the support of my Ways and Means colleagues in introducing this bill to help our working families keep more of their money, lower costs, and empower U.S. manufacturers to compete on the global stage."

"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," said Rep. Miller. "This shameful chemical tax has resulted in increased costs for household goods and placed U.S. chemical manufacturers at a competitive disadvantage compared to our foreign adversaries, such as China. I am joining my colleagues in re-introducing the Chemical Tax Repeal Act to protect working Americans, lower costs, and promote fair opportunities for American manufacturers to compete globally."

"The wrongful reinstatement of the Superfund excise tax under the Biden-Harris Administration has led to higher prices on household products for everyday Americans and makes us less competitive in the global economy," said Rep. LaHood. "I am proud to join Rep. Van Duyne and my fellow Ways and Means colleagues in introducing the Chemical Tax Repeal Act and put America first."

"We welcome House reintroduction of the Chemical Tax Repeal Act and commend House Ways and Means Committee members Van Duyne, Carey, Miller and LaHood for addressing an issue with far-reaching impacts for the U.S. economy," said American Chemistry Council President and CEO Chris Jahn. "Estimates by the Joint Committee on Taxation indicate these taxes could result in a nearly $15 billion hit to the economy by the time they expire at the end of 2031. We look forward to additional lawmakers joining the Chemical Tax Repeal Act and urge swift consideration to move it forward."

"ACD applauds Reps. Van Duyne, Carey, LaHood, and Miller for leading the Chemical Tax Repeal Act to address the unnecessary burdens and uncertainties of the reinstated Superfund Tax," said Eric Byer, President & CEO of Alliance for Chemical Distribution. "Since the tax's reinstatement in 2021, it has created significant regulatory and financial challenges for our members, many of whom are small, family-owned businesses, and is further complicated by unclear guidance from the Internal Revenue Service. ACD urges the swift passage of the Chemical Tax Repeal Act to allow the chemical distribution industry to continue its vital work free from this tax's burden."

The Chemical Tax Repeal Act was first introduced by Representatives Van Duyne, Miller, and Carey in the 118th Congress. Click HERE for bill text.

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