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AF&PA Opposes Corporate Tax Increases in Build Back Better Framework

WASHINGTON – The American Forest & Paper Association (AF&PA) President and CEO Heidi Brock issued the following statement in response to the U.S. House of Representative’s Build Back Better Act framework.

“AF&PA opposes the corporate tax increases included in the Build Back Better Act. These tax increases would adversely impact U.S. manufacturing, reduce U.S. global competitiveness and put essential jobs at risk during a critical time of economic recovery. We urge Congress to consider the long-term impact these short-sighted policies will have on manufacturing workers across the country, and vote ‘no’ on this legislation.”

The American Forest & Paper Association (AF&PA) serves to advance U.S. paper and wood products manufacturers through fact-based public policy and marketplace advocacy. The forest products industry is circular by nature. AF&PA member companies make essential products from renewable and recycle resources, generate renewable bioenergy and are committed to continuous improvement through the industry’s sustainability initiative—Better Practices, Better Planet 2030: Sustainable Products for a Sustainable Future. The forest products industry accounts for approximately four percent of the total U.S. manufacturing GDP, manufactures nearly $300 billion in products annually and employs approximately 950,000 people. The industry meets a payroll of approximately $60 billion annually and is among the top 10 manufacturing sector employers in 45 states. Visit AF&PA online at afandpa.org or follow us on Twitter @ForestandPaper.