2012 TXO Eastman Advocates Round-up
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Transcript of 2012 TXO Eastman Advocates Round-up
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2012 TXO Eastman
AdvocatesRound-up
May 15, 2012
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Corporate Taxation
Eastman supports comprehensive tax reform that lowers this tax rate to level the global playing field
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• 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
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Trade
Eastman supports open access to markets for trade and investment, while ensuring our domestic markets are not
subjected to unfair trade practices.
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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
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Environment
Eastman applauds regulations that balance environmental protection with domestic
economic growth and the preservation of good domestic manufacturing jobs.
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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
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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.
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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
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Chemical Control
Eastman supports improvements to regulations governing chemicals and
products to promote enhanced protection of human health and the environment.
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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