2012 TXO Eastman Advocates Round-up
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2012 TXO Eastman Advocates Round-up May 15, 2012
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2012 TXO Eastman Advocates Round-up. May 15, 2012. Corporate Taxation. Eastman supports comprehensive tax reform that lowers this tax rate to level the global playing field. Eastman and Taxation. In 2011, Eastman paid: $225 million in federal taxes $14 million to state of Texas - PowerPoint PPT Presentation
Transcript of 2012 TXO Eastman Advocates Round-up
2012 TXO Eastman
AdvocatesRound-up
May 15, 2012
Corporate Taxation
Eastman supports comprehensive tax reform that lowers this tax rate to level the global playing field
• In 2011, Eastman paid:• $225 million in
federal taxes• $14 million to state
of Texas • At 35%, the US
statutory corporate tax rate is the highest in the world
• Both parties support tax reform and a 25% statutory tax rate for companies like Eastman
• The difficulty is accomplishing reform in a revenue neutral fashion
Eastman and Taxation
Trade
Eastman supports open access to markets for trade and investment, while ensuring our domestic markets are not
subjected to unfair trade practices.
Eastman Trade• Chemical industry
accounted for 10% of total US exports in 2012
• Eastman ranked as 21st largest containerized US exporter in 2010
• Roughly half of Eastman’s revenues come from overseas exports
• The state of Texas accounted for 17% of all US exports in 2011
Environment
Eastman applauds regulations that balance environmental protection with domestic
economic growth and the preservation of good domestic manufacturing jobs.
Eastman & the Environment
• TXO received “Excellence in Caring for Texas” award from the Texas Chemical Council
• TXO selected as “Certified Forest Steward” by state of Texas
Energy
Eastman is in favor of domestic energy policies that foster a diverse and inexpensive supply of energy generated from a broad spectrum of sources, as
well as expanded energy research and development.
Eastman and Energy• EPA named Eastman a
2012 Energy Star Partner of the year
• In 2011, the company saved enough energy to power 16,000 homes and eliminate greenhouse gas emissions from over 60,000 cars
• TXO’s cogeneration of steam and electricity represents the most efficient use of natural gas
• TXO recently was awarded an Energy Efficiency award the American Chemistry Council
Chemical Control
Eastman supports improvements to regulations governing chemicals and
products to promote enhanced protection of human health and the environment.
Eastman and Chemical Control• Eastman is advocating for a
revised Toxic Substance Control law that will enhance product safety while facilitating innovations and growth
• TXO received a “Distinguished Service” award for improved safety
