WASHINGTON, Nov. 19, 2021 - The American Forest & Paper Association (AF&PA) President and CEO Heidi Brock issued the following statement in response to the U.S. House of Representatives' passage of the Build Back Better Act framework.
"AF&PA cannot support the corporate tax increases put forth in the Build Back Better Act. These tax increases would significantly impact U.S. manufacturing jobs and undermine our nation's economic recovery. We urge policymakers to recognize that our country is struggling under the worst inflation seen in three decades.
"Such short-sighted policies will have longer-term effects on U.S. manufacturing jobs, which includes the more than 950,000 hard-working people in the forest products industry. AF&PA calls on the U.S. Senate to 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 in nature. AF&PA member companies make essential products from renewable and recyclable 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 www.afandpa.org or follow us on Twitter @ForestandPaper.
SOURCE: American Forest & Paper Association (AF&PA)
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