Plastics Industry heeds Obama's call for American innovation.

Press Release Summary:



William R. Carteaux, president and CEO of SPI: The Plastics Industry Trade Association, issued remarks after the State of the Union address. On behalf of the U.S. plastics industry, which employs nearly one million hard-working Americans, we encourage Congress and the Administration to build on recent bipartisan budget reform success, and work together to find new ways to create jobs, grow the American economy, and promote U.S. manufacturing at home and abroad.



Original Press Release:



Plastics Industry Heeds President Obama's Call for American Innovation



WASHINGTON— William R. Carteaux, president and CEO of SPI: The Plastics Industry Trade Association, which represents the $427-billion U.S. plastics industry, issued the following remarks after tonight’s State of the Union address:



“SPI joins the president in congratulating Congress on its constructive approach to passing a budget.  And we hope all of us can continue to work together this year on other bipartisan priorities.



On behalf of the U.S. plastics industry, which employs nearly one million hard-working Americans, we encourage Congress and the Administration to build on recent bipartisan budget reform success, and work together to find new ways to create jobs, grow the American economy and promote U.S. manufacturing at home and abroad.



In December, Congress made permanent several important tax provisions: the R&D tax credit, Section 179 small business expensing, Bonus Depreciation and suspended the medical device tax for two years. Additionally in 2015, the first reforms to the Toxic Substances Control Act (TSCA) in nearly 40 years moved forward in both the House and the Senate.



We hope to use these victories as a basis to reignite the spirit of innovation in plastics, and to make technology in plastics work for us to address the nation’s biggest environmental challenges. Plastics reduce energy use and greenhouse gas emissions by doing more with less. For example, two pounds of plastic can deliver roughly 10 gallons of beverages as opposed to three pounds of aluminum, eight pounds of steel or more than 40 pounds of glass. Lighter materials mean less fuel is used in shipping, which reduces carbon emissions, making plastics the material of choice for the environmentally minded.



We urge the President and Congress to continue to engage the plastics industry in efforts to build a more sustainable future for our children and grandchildren.”



Founded in 1937, SPI: The Plastics Industry Trade Association promotes growth in the $427 billion U.S. plastics industry. Representing nearly one million American workers in the third largest U.S. manufacturing industry, SPI delivers legislative and regulatory advocacy, market research, industry promotion and the fostering of business relationships and zero waste strategies. SPI also owns and produces the international NPE trade show. All profits from NPE are reinvested into SPI’s industry services. Find SPI online at www.plasticsindustry.org and www.inthehopper.org.

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