IHS Chemical Week

EnviroTech :: Regulatory

Uncertainty Over Taxes Causing Anxiety, Paralysis for Chemical Manufacturers

10:34 AM MDT | August 15, 2012 | Lawrence Sloan, Socma President and CEO

The uncertainty over taxes is wreaking havoc with the economy and essentially paralyzing any movement in the manufacturing industry, especially for smaller chemical companies. Companies aren’t hiring new employees. They’re not spending money on research and development, and they are not taking advantage of investment opportunities. They are simply in a holding pattern, waiting to see what their taxes will be come January 1, 2013. And if Congress doesn’t quickly address these issues, it could mean a slow, painful death to the country’s...

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