The American Fuel & Petrochemical Manufacturers (AFPM) has announced that it is launching an advertising campaign urging Democrats in the House of Representatives to reject the new punitive taxes on refined energy in the United States and on plastics made in the United States. . The campaign includes television, radio, digital video and print components and is focused on Democratic members of Congress from Texas and Central California.
AFPM President and CEO Chet Thompson said of the campaign launch:
âAny tax that makes it more expensive to manufacture gasoline, diesel and jet fuel here in America is at odds with the president’s promise that tax increases will not hit working families. The same is true for taxes on plastics. Consumers will feel the pain of these taxes, possibly in the form of higher prices for gasoline and consumer goods.
âAmerica’s economic and energy security, well-paying jobs and global competitiveness would be jeopardized if crippling new taxes on energy and plastics were incorporated into the budget reconciliation bill. It’s amazing that as China doubles its refining industry and petrochemical capacity – investing billions in growth – some in Washington are considering policies that would roll back our industries and raise energy prices for hard-working Americans. .
Fortunately, there are voices of reason in Congress who understand the impact of tax policies like these on voters who are already bearing the higher cost of living. Many of these same members are champions of the fuel refining and petrochemical industries, the men and women who work at our facilities and the jobs they support. We appreciate the leadership of these members and urge them to stand firm throughout the budget reconciliation process by saying no to any new tax on US refined energy and US-made plastics. “
In a statement posted on its website, the AFPM said: Debates in Congress on the budget reconciliation bill have raised the possibility of new taxes being levied against US refineries and petrochemical facilities. Among the taxes being discussed for possible inclusion by members of the House and Senate are methane taxes, carbon border adjustments and taxes on plastic production. A methane tax would extend to entities that process crude oil raw materials, including fuel refineries that manufacture gasoline, diesel and jet fuel. A carbon adjustment at the border would impose a royalty on imported crude oil, which accounts for 40% of what goes through US refineries. The plastic tax being discussed would add a tax penalty of US $ 20 / lb to plastics produced in the US, whether the plastics are used in medical equipment, food packaging, or personal protective equipment (PPE).
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/24092021/afpm-launches-new-advertising-campaign/