Sylvamo Leader Advocates for Strong U.S. Manufacturing

WASHINGTON – Sylvamo’s Agnes Webb, vice president, Tax, testified before Congress Wednesday on how pro-growth tax provisions in H.R. 1 strengthen U.S. manufacturing. 

The Tax Cuts and Jobs Act (TCJA) cut the corporate tax rate from 35% to 21%. H.R. 1, passed in July, made those pro-growth tax provisions permanent, including restoring immediate expensing for our R&D costs and for our capital equipment purchases. This allows Sylvamo to invest, grow and compete more efficiently in the U.S. 

“It established a competitive international tax system, one that made it easier to make things here in America and export them around the world,” Webb told the House Ways and Means Committee.  

Webb answered questions from committee members, including Rep. Randy Feenstra (R-04-IA), who explained to the committee that Sylvamo is a “leader and innovator in the paper industry.”   
 
With a stronger tax code at home, the world's paper company is better positioned to compete on a global stage. 

Watch Agnes’ full testimony here.

Sylvamo team members regularly advocate for issues that directly affect the company.