WASHINGTON, D.C. – American Fuel & Petrochemical Manufacturers (AFPM) statement on passage of The Tax Cuts and Jobs Act in the U.S. Senate today:
“Today’s vote in the Senate is a critical step in advancing tax reform that will make U.S. manufacturing more competitive. We are encouraged that both the House and Senate agree that reducing the corporate tax rate is vital to modernizing the tax code, and urge Congress to quickly finalize legislation for the President to sign into law.”
The American Fuel & Petrochemical Manufacturers (“AFPM”) is a national trade association representing nearly all U.S. refining and petrochemical manufacturing capacity. AFPM members produce the fuels that drive the U.S. economy and the chemical building blocks integral to millions of products that make modern life possible.