WASHINGTON, D.C. — Today, the U.S. Chamber of Commerce and a national coalition of associations and state and local chambers — representing hundreds of thousands of employers across the country — called on Congress to pass the One Big Beautiful Bill Act (H.R. 1), which will foster capital investment, job creation, and higher wages for American workers. If Congress doesn’t act, American families, workers, and businesses will face the largest tax increase in American history at the end of 2025.
"Now Congress has the opportunity to make these policies permanent as part of the 'One Big Beautiful Bill Act.' Doing so would provide businesses the certainty and stability they need to make the long-term investments that drive growth, accelerate productivity, and increase prosperity across all segments of the economy," wrote the co-signers.
The letter also highlights how, before the 2017 tax reforms, the average hourly earnings for production and nonsupervisory workers were growing at a rate of 2.4% per year in 2016 and 2017. After the tax cuts, however, wage growth for these workers increased to 3.7% by October 2019. Thanks to these gains, by April 2020, the average production and nonsupervisory worker was earning about $1,400 more per year than the previous trend would have predicted.
For more than a year, the Chamber has executed an all-out advocacy blitz in support of pro-growth tax policy, spotlighting the positive impacts of the 2017 Tax Cuts and Jobs Act for American businesses and workers.
A public opinion survey conducted by McLaughlin & Associates on behalf of the Chamber shows a majority of voters support making tax relief permanent and Americans are more likely to vote for a candidate who advocates for permanent tax relief.
The Chamber, in partnership with state and local chambers from across the country, has hosted more than two dozen in-district roundtables with lawmakers and local businesses to highlight the need to extend these pro-growth tax provisions.
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