PLASTICS Applauds Passage of U.S. House Tax Bill, Delivering Hard-Fought Victories for Industry

Washington, D.C. — The Plastics Industry Association (PLASTICS) applauds the U.S. House of Representatives for the passage of critical tax provisions that will support American manufacturing, fuel innovation, and lay the foundation for long-term economic growth and job creation.

“We commend House lawmakers for their strong leadership in advancing this meaningful tax package that empowers U.S. manufacturers to reinvest, expand, and compete globally,” said Matt Seaholm, President and CEO of PLASTICS. “This bill includes key priorities our members advocated for on Capitol Hill—provisions that support investment, innovation, and long-term planning. It delivers the certainty and resources companies need to drive and secure future growth, reinforcing America as a dominant manufacturing leader.”

“The plastics industry is a vital part of the U.S. economy, supporting over one million American workers and generating more than $519 billion annually,” Seaholm continued. “These provisions will accelerate our industry’s momentum and fuel a more competitive, sustainable future for all.”

The legislation delivers major victories for the plastics industry and the broader manufacturing economy, including:

• Restores full and immediate expensing for R&D—allowing companies to accelerate product development, improve sustainability, and remain competitive.
• Extends 100% bonus depreciation for capital equipment purchases—supporting modernization of manufacturing lines including high-efficiency and precision machinery.
• Preserves the globally competitive 21% corporate tax rate—essential for attracting investment and maintaining U.S. manufacturing leadership.
• Enhances the Section 199A pass-through deduction—providing meaningful tax relief to the small and medium-sized manufacturers that make up the bulk of the U.S. manufacturing 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 facility expansions.

PLASTICS urges the U.S. Senate to build on this momentum and swiftly pass these critical tax provisions, which will provide long-term certainty, incentivize investment, and safeguard American manufacturing jobs. We remain committed to working with lawmakers to advance pro-growth policies that reinforce the strength and global leadership of U.S. manufacturing.

The Plastics Industry Association (PLASTICS) is the only organization that 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.