Battle for soda ash tax cuts continues

摘要

Legislation first proposed last year to cut taxes on soda ash production was re-introduced in the US 533House of Representatives last month. Although approved in July 2004 by the US House, the legislation was not approved by the Senate in time for the bill to be passed on to the president Since the fortunes of the industry seem to have shifted upward with exports reaching record highs last year and order books now full for 2005, the necessity of the bill has been called into question. It is understood that the Senate Energy and Natural Resources Committee is in the process of assessing current market conditions. A final vote is expected to be made within the next four weeks.