Washington, D.C. — The Plastics Industry Association (PLASTICS) applauds the U.S. Senate for the passage of the One Big Beautiful Bill Act which will strengthen domestic plastics production and drive continued momentum and job creation across the plastics value chain and the broader U.S. manufacturing industry.
“We applaud the U.S. Senate for their collaboration and decisive action in advancing this important, pro-manufacturing tax package,” said Matt Seaholm, President and CEO of PLASTICS. “The plastics industry has directly advocated for many of the provisions included in this bill—measures that promote long-term investment, encourage innovation, and provide the economic stability manufacturers need to thrive. This bill underscores American leadership in supporting sustained growth and long-term competitiveness.”
“Now the House must act quickly to finish the job and send this package to President Trump’s desk. Backed by a workforce of over one million Americans and more than $519 billion in annual economic output, the plastics industry is ready to turn this policy into job creation, innovation, and sustained success,” concluded Seaholm.
PLASTICS urges the U.S. House to maintain momentum and pass these critical tax provisions, which will provide long-term certainty, incentivize investment, and safeguard American manufacturing jobs. The plastics industry remains committed to working with lawmakers to advance pro-growth policies that reinforce the strength and global leadership of U.S. manufacturing.
The legislation reflects major victories that will advance the plastics sector and strengthen the broader economic landscape, including:
Permanent R&D expensing – fueling long-term innovation and product development.
Permanent 100% bonus depreciation – accelerating investment in modern equipment and manufacturing lines.
Preservation of the 21% corporate tax rate – keeping the U.S. globally competitive.
Expanded Section 179 expensing – allowing small manufacturers to reinvest more quickly.
Enhanced Section 199A deduction – providing targeted relief to pass-through manufacturers across the plastics supply chain.
Maintained interest deductibility – ensuring continued access to capital for growth and facility expansion.
The Plastics Industry Association (PLASTICS) supports the entire plastics supply chain, including Equipment Suppliers, Material Suppliers, Processors, and Recyclers, representing over one million workers in our $519 billion U.S. industry. PLASTICS advances the priorities of our members who are dedicated to investing in technologies that improve capabilities and advances in recycling and sustainability and providing essential products that allow for the protection and safety of our lives. Since 1937, PLASTICS has been working to make its members, and the eighth largest U.S. manufacturing industry, more globally competitive while supporting circularity through educational initiatives, industry-leading insights and events, convening opportunities and policy advocacy, including the largest plastics trade show in the Americas, NPE: The Plastics Show.
