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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Maintaining and improving pro-growth tax policy next year, when the largest automatic tax increase in history is set to occur, will ensure the U.S. is globally competitive, retaining and attracting businesses, jobs, investment, and innovation here at home.
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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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This Hill letter was sent to the Members of the Senate Committee on Finance, supporting the “United States–Taiwan Expedited Double-Tax Relief Act."
This letter was sent to leadership of the Senate Committee on Finance and the House Committee on Ways and Means supporting expansion of existing child care tax credits.
The U.S. Chamber of Commerce submitted comments to the Department of Finance Canada to reiterate our serious concerns with their proposal to enact a new unilateral, discriminatory digital services tax.
The U.S. Treasury Department and IRS recently provided taxpayers with welcome, temporary relief from some of the harshest aspects of the 2022 final foreign tax credit regulations—including the restrictive cost recovery and attribution requirements.
This Hill letter was sent to the members of the House Committee on Ways and Means's Subcommittee on Tax Policy regarding its recent hearing, “Biden’s Global Tax Surrender Harms American Workers and Our Economy."
This Hill letter was sent to the Members of the U.S. House of Representatives, supporting S. 1706 / H.R. 4721, the "Main Street Tax Certainty Act."
The administration deserves applause for challenging Canada’s discriminatory digital services tax (DST) proposal; other measures prepared by foreign governments that also unfairly target U.S. companies deserve the same strong response.
This Hill letter was sent to the Members of the Senate Committee on Appropriations, on the Fiscal Year 2024 Financial Services and General Government Appropriations bill.
This Hill letter was sent to the Members of the House Committee on Appropriations, on the Fiscal Year 2024 Financial Services and General Government Appropriations bill.
