Extrusion International 3-2025-USA

39 Extrusion International 3/2025 The legislation delivers major vic- tories for the plastics industry and the broader manufacturing econo- my, including: • Restores full and immediate ex- pensing for R&D – allowing compa - nies to accelerate product develop- ment, improve sustainability, and remain competitive. • Extends 100% bonus depre - ciation for capital equipment pur- chases – supporting modernization of manufacturing lines including high-efficiency and precision ma - chinery. • Preserves the globally competi- tive 21% corporate tax rate – essen - tial for attracting investment and maintaining U.S. manufacturing leadership. • Enhances the Section 199A pass- through deduction providing mean- ingful tax relief to the small and medium-sized manufacturers that make up the bulk of the U.S. manu - facturing industry. • Increases Section 179 expensing thresholds – helping smaller firms immediately deduct equipment purchases and reinvest faster. • Protects interest deductibility rules – ensuring continued access to capital for plant upgrades and facil- ity expansions. PLASTICS urges the U.S. Senate to build on this momentum and swiftly pass these critical tax provisions, which will provide long-term cer- tainty, incentivize investment, and safeguard American manufactur- ing jobs. We remain committed to working with lawmakers to advance pro-growth policies that reinforce the strength and global leadership of U.S. manufacturing. Statement on Center for Climate Integrity’s Anti-Recycling Report The Plastics Industry Association (PLASTICS) has released the follow - ing statement on the Center for Climate Integrity’s recent anti-recy- cling report: “This ‘report’, created by an activist organization with a long track record of opposing recycling, deliberately ignores the significant investments our industry has made in advanced recycling technologies, allowing for more plastic to be recycled,” saidMatt Seaholm, President and CEO of the Plastics Industry Association. “CCI con - tinues to spread misinformation, mis- lead the public, and underminemean- ingful environmental progress.” “I encourage the public and the fictionwriters at CCI to visit Recycling is Real, our initiative showcasing the dedicated individuals working at advanced and mechanical recycling facilities where millions of pounds of plastic are made new again every day across the United States. Unfor - tunately, instead of working togeth- er with our industry toward practical solutions to reduce plastic waste, CCI repeatedly chooses political theater over real collaboration.” Enactment of Collaborative EPR Legislation in Maryland Welcomed PLASTICS commended Maryland Governor Wes Moore for signing SB 901 into law and applauds the col- laborative efforts of policymakers throughout the legislative process. This extended producer responsi- bility (EPR) legislation represents a meaningful step toward advancing a more circular economy for pack- aging materials in Maryland. “PLASTICS applauds Governor Moore for signing SB 901 into law and recognizes Senator Malcolm Augustine and other lawmakers for their collaborative engage- ment with our industry throughout the legislative process,” said Matt Seaholm, President and CEO of the Plastics Industry Association. “This law demonstrates a true commit- ment to environmental stewardship and the strengthening of recycling systems. We appreciate that SB 901 promotes innovation, shared responsibility, and practical solu- tions to reduce waste and increase recycling rates. Our industry is com - mitted to keeping plastic out of the environment and in our circular economy. “We hope to see more states fol- low Maryland’s lead with similar legislation that drives real envi- ronmental progress and benefits producers, businesses, and con- sumers alike. The plastics industry will continue working with policy- makers across the country to sup- port effective, solution-oriented policies that help us achieve our shared sustainability goals.” House Ways and Means Committee Applauded The Plastics Industry Association (PLASTICS) applauded Chairman Jason Smith (R-MO) and the House Ways and Means Committee for ad- vancing tax provisions that support U.S. manufacturing, drive innova - tion, and promote long-term cer- tainty and job creation. “We appreciate Chairman Smith’s commitment to strengthening the manufacturing sector and advanc- ing key provision that helps busi-