December 20, 2017
|FOR IMMEDIATE RELEASE
(703) 527-6223 x3074
NACD Applauds Sweeping Effort to Reform U.S. Tax Code
Today, National Association of Chemical Distributors (NACD) President Eric R. Byer welcomed U.S. House of Representatives and U.S. Senate passage of comprehensive legislation that would overhaul our nation’s tax code and provide relief to the American business community.
“NACD is pleased to see once-in-a-generation tax reform make its way through Congress and head to the President’s desk. Tax reform has been long-overdue, and this legislation will finally make it easier for businesses both large and small to grow the economy and put more Americans to work.
“We applaud the provisions that protect pass-throughs from high taxes by reforming both the individual and corporate rates; double the estate tax exemption; preserve the Last In, First Out inventory accounting method; and assist businesses that import and export products to our economic benefit. Taken together, these provisions will enable small businesses like most chemical distributors to use a greater share of their earnings to expand their facilities, increase their product offerings, and hire more workers.
“NACD thanks both the House and Senate leadership for their hard work in reconciling their differences during the conferencing process. We’re confident these changes will lead to robust economic growth, and we look forward to seeing President Trump sign this landmark legislation into law.”
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