NACD President Criticizes U.S. House Budget Reconciliation Proposal
ARLINGTON, VA – National Association of Chemical Distributors (NACD) President and CEO Eric R. Byer issued a statement expressing concern about provisions included in the U.S. House of Representatives’ Budget Reconciliation Package. In his statement, Byer asked the House to “reconsider this performative play.”
“Last month, both chambers of Congress passed a resolution outlining the budget and instructing key committees to draft the $3.5 trillion plan for new spending. Now, as details of the House version of the Reconciliation Package emerge, NACD has serious cause for concern. The Committee on Ways and Means has proposed more than 40 separate tax increases, collectively worth more than $2 trillion, representing the largest tax increase in decades. In a move that seems irrelevant to the budget discussion, the House package also greatly increases civil penalties for National Labor Relations Act violations while simultaneously eliminating or prohibiting tools employers can utilize during organizing campaigns and labor disputes,” Byer said.