On April 2, 2020 the Chamber delivered this letter to the IRS and the Treasury regarding comments and recommendations to provide guidance to taxpayers in response to COVID-19.
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The U.S. Chamber is working closely with the White House, U.S. government agencies, and foreign government officials to inform and equip businesses with the most important and up-to-date information to prevent the spread of the virus and prepare businesses for the near and long-term impact. Visit our live blog for the latest updates.
Resources for Businesses
All employers should be implementing strategies to protect their workforce from the coronavirus while ensuring continuity of operations.
Created by the U.S. Chamber of Commerce Foundation, these guides are based on information provided by the CDC, to help employers and employees prepare for and address the effects of the coronavirus.
- Coronavirus (COVID-19) Workplace Tips for Employees (PDF)
- Guidance For Employers To Plan and Respond To Coronavirus (PDF)
- Interactive Workplace Flyer Builder
Help for Small Businesses
- CO— is working to bring you the best resources, weekly virtual town halls, and other information to help you navigate this challenging time. Start Here
- The Chamber has produced a guide explaining the new emergency loans available for small businesses and 501(c)3 non-profits. The guide is available in English and Spanish.
- The CARES Act expands the Small Business Administration’s long-standing Economic Injury Disaster Loan Program (EIDL). The EIDL program was created to assist businesses, renters, and homeowners located in regions affected by declared disasters. Find out more.
- The CARES Act also created a new employee retention tax credit for employers who are closed, partially closed, or experiencing significant revenue losses as a result of COVID-19. Find out more.
Find shareable resources, social media assets and guidance for members, employees, and customers in the Coronavirus Response Toolkit.
- What You Should Know, Situation Updates - CDC
- Travel Health Notices - CDC
- Guidance for Businesses - CDC
- Direct Assistance for Small Businesses - Treasury Department
- State-by-State Essential Workforce Tracker (mapped to CISA Guidance) – U.S. Chamber of Commerce
U.S. Chamber In Action
We believe no family should face financial ruin because of a loss of income and no business should go bankrupt because of a temporary loss in revenue as a result of the coronavirus.
This week, the U.S. Chamber of Commerce proposed three ideas to support American businesses and workers, and mitigate job losses amid the coronavirus pandemic.
Specifically, the Chamber called for legislation that would:
- Cancel payment of all payroll taxes typically paid by employers for March, April, and May.
- Expand and streamlining loan programs for small businesses with fewer than 500 employees experiencing revenue loss as a result of the coronavirus.
- Enable the creation of credit facilities to provide loans and loan guarantees to employers with more than 500 employees experiencing significant revenue loss as a result of the coronavirus.
The U.S. Chamber recommended these policy actions in addition to the Families First Coronavirus Response Act that President Trump has now signed into law.
The business community plays a vital role in combating outbreaks of viruses like the coronavirus. From developing life-saving antivirals to supporting global relief efforts to protecting their employees at home and abroad, businesses of all sizes and sectors are stepping up to address this crisis.
What Business Is Doing
View our corporate aid tracker for details on how businesses of all sizes and sectors are stepping up to combat the coronavirus. As of April 1, corporate donations, both cash and in-kind, currently exceed $2.3 billion. For total contributions to date, please contact U.S. Chamber Foundation Senior Director of Global Resilience Brooks Nelson.
How You Can Help
If you are a business that’s interested in learning how you can support relief efforts, contact Brooks Nelson.