Taxes
America has the most innovative, dynamic, and resilient economy in history—our tax system should strengthen our economy, not undermine it. The U.S. Chamber promotes a tax system that allows taxpayers and business owners to make smart decisions about how they work, save, and invest. Low tax rates and a stable tax code allow businesses to grow the economy, create jobs for Americans, and invest for the future while supporting communities and society at large through tax revenues.
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Congress must seize this opportunity to enact H.R. 7024 and retroactively restore R&D expensing for American small and midsize businesses.
Feature story
With tax filing season starting today, it is imperative that Congress act now to avoid further negative impacts to American businesses.
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Congress urgently needs to enact legislation addressing three key business tax provisions
Further reading
- A Business Guide to the U.S. EconomyWhat business owners need to know about the current state of the U.S. economy, including how the pandemic, labor shortage, and other trends are impacting performance.Learn More
- Finance and Financial Regulation Basics for BusinessesThe basics of financing and financial regulations for businesses, including sources of financing, government regulators, and the role of financial institutions.Learn More
- Small Business Would Be Hit Hard by Corporate Tax IncreaseThere are 1.4 million small businesses, employing about 13 million Americans, that would end up paying the higher rate.Learn More
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Our Work
The U.S. Chamber works with our partners in government and fights for tax policies that will help American businesses succeed at home, compete abroad, and attract global businesses to our shores.
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Latest Content
The U.S. Chamber led a multi-association comment letter to the IRS regarding the proposed definition of energy property and rules applicable to the energy credit under section 48, as amended by the Inflation Reduction Act of 2022.
This Hill letter was sent to the members of the House Committee on Ways and Means in support of H.R. 7024, the “Tax Relief for American Families and Workers Act of 2024”.
The U.S. Chamber submitted comments to the Treasury Department in response to its request for public input on the draft OECD/G20 Inclusive Framework Multilateral Convention to Implement Amount A of Pillar One and accompanying documents.
Congress urgently needs to enact legislation addressing three key business tax provisions
The U.S. Chamber joined four other business organizations—representing both issuers and financial statement users—in urging the Financial Accounting Standards Board to reconsider its decision to finalize the proposed Accounting Standards Update, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures."
This Hill letter was sent to the Members of the Senate Committee on Finance and House Committee on Ways and Means regarding the imperative to harmonize implementation of the CHIPS for America Fund and section 48D advanced manufacturing investment tax credit.
The U.S. Chamber joined the Canadian Chamber of Commerce and several other North American business organizations in calling on Canada to withdraw its unilateral and discriminatory digital services tax proposal.
The U.S. Chamber submitted comments to Treasury and the IRS on proposed regulations that would implement a new tax information reporting regime for brokers on certain digital asset sales and exchanges.