The Plastics Industry Association commends President Trump and Congress

The Plastics Industry Association commends President Donald Trump for signing the One Big Beautiful Bill Act into law and applauds the leadership of congressional policymakers throughout the process. This new law should strengthen domestic plastic product production and innovation, and drive continued momentum, investment, and job creation across the plastics value chain and the broader U.S. manufacturing industry.

“At the start of his term, President Trump made a promise to put American manufacturers first – and together, with decisive action from Congressional leadership, this marks a critical step in delivering on that promise,” said Matt Seaholm, President and CEO of Plastics Industry Association.

“The signing of the One Big Beautiful Bill Act into law is a major win for the plastics industry. The package includes many pro-growth provisions we’ve advocated for – measures that promote long-term investment, encourage innovation, and provide the economic stability our industry needs to thrive. We commend President Trump, Majority Leader John Thune, and Speaker Mike Johnson for delivering on their commitment to U.S. manufacturing”, added Seaholm.

“Plastics manufacturers produce the materials, components, and equipment that power nearly every other manufacturing sector in America. We make American manufacturing possible. PLASTICS will continue to work with the Trump Administration and Congress to advance policies that support our industry and ensure we keep making essential goods and machinery right here at home,” concluded Matt Seaholm.

The law reflects major victories that will advance the plastics sector and strengthen the broader economic landscape, including: 
- Permanent R&D expensing – fueling long-term innovation and product development; 
- Permanent 100% bonus depreciation – accelerating investment in modern equipment and manufacturing lines; 
- Preservation of the 21% corporate tax rate – keeping the U.S. globally competitive.
- Expanded Section 179 expensing – allowing small manufacturers to reinvest more quickly;
- Enhanced Section 199A deduction – providing targeted relief to pass-through manufacturers across the plastics supply chain; 
- Maintained interest deductibility – ensuring continued access to capital for growth and facility expansion.