Taxes

The Chamber continues to fight for a streamlined tax system allowing taxpayers to make smarter decisions about how they work, save, and invest, and unleashing the power of American businesses—large and small—to create jobs.

Tax Reform: Unleashing American Growth

Washington passed the first major tax reform in more than three decades. 

Explore the map to see how companies responded.

 

 

 

Priorities

 Tax Policy
  • Advocate for continued pro-growth tax policies in relevant tax legislation (e.g., tax extenders, technical corrections bills). 
  • Continue to work with the administration on regulations and other guidance to implement the Tax Cuts and Jobs Act. 
  • Continue to work with the administration, Congress, foreign governments, and governing organizations to achieve a multilateral consensus on the taxation of the digital economy. 
  • Prevent rollback of any parts of the pro-growth tax reform bill enacted in 2017. 
  • Oppose anti-growth tax policy proposals.
Economic Policy 
  • Continue to defend the importance of central bank independence for sound, pro-growth monetary policy. 
  • Continue to advocate for responsible fiscal policy, including entitlement reform, deficit reduction, and debt management.
Economic Development 
  • Advocate for effective implementation and utilization of Opportunity Zones and similar economic development programs. 

Our Priorities

Recent Activity

Above the FoldMar 04, 2021 - 3:30pm
FTT header image

63% of Americans Oppose a Financial Transaction Tax

Why the Financial Transaction Tax would do more harm than good.

Above the FoldMar 03, 2021 - 9:00am
Corporate employees look at financial projections.

The “Fair Share” Fig Leaf

Rather than raising taxes, we need to focus on policies that will drive our economic recovery during the COVID-19 pandemic. Read more.

Above the FoldFeb 17, 2021 - 12:45pm
Woman in corporate office going over financial documents.

Preventing Changes to GILTI That Hurt Competitiveness

Tax reform improved the competitiveness of our tax system – and proposals to double the GILTI rate is a step in the wrong direction.

CommentFeb 05, 2021 - 10:15am

U.S. Chamber Comments on REG-101657-20: Guidance Related to the Foreign Tax Credit; Clarification of Foreign-Derived Intangible Income

On February 5, 2021, the Chamber delivered these comments to the I.R.S. and Treasury on REG-101657-20, proposed regulations relating to the foreign tax credit.

Above the FoldJan 27, 2021 - 7:15am
Business financial projection documents

The Case for Preserving a Competitive Corporate Tax Rate

There is bipartisan agreement that an economic downturn is not the time to raise taxes. Here's why.

SpeechJan 12, 2021 - 12:00pm

2021 State of American Business Address: “Rally for Recovery”

In the face of significant challenges, including a global pandemic and an economic crisis, businesses have adapted to survive ... they have served their communities, and this country ... and they have put forward life-saving, world-changing solutions.

Letters to CongressDec 21, 2020 - 4:15pm

Key Vote Letter on the Senate Amendment to H.R. 133, the COVID-19 Relief Package

This Key Vote Alert! letter was sent to the Members of the United States Congress, supporting the Senate Amendment to H.R. 133, the omnibus COVID-19 relief legislative package.

CommentDec 11, 2020 - 9:00am

U.S. Chamber Comments on the Public Consultation Document on the Reports on the Pillar One and Pillar Two Blueprints

On December 11, the U.S. Chamber submitted these comments to the Organisation for Economic Co-operation and Development (OECD) in response to the Public Consultation Document on the Reports on the Pillar One and Pillar Two Blueprints, as published by the OECD on October 12, 2020.

Letters to CongressDec 03, 2020 - 11:45am

Paycheck Protection Program (PPP) Deductibility Coalition Letter

Massive small business coalition asks Congress to reverse IRS ruling that penalizes PPP borrowers

CommentNov 16, 2020 - 10:30am

U.S. Chamber Comments on REG–110059–20: Ownership Attribution Under Section 958 for Purposes of Sections 367(a) and 954(c)(6)

On November 16, 2020, the U.S. Chamber delivered these comments to the I.R.S. and Treasury on REG-110059-20, proposed regulations relating to the modification of §958(b)[1] of the Internal Revenue Code (“Code”) by the Tax Cuts and Jobs Act, which was enacted on December 22, 2017, modifying the ownership attribution rules applicable to outbound transfers of stock or securities of a domestic corporation under §367(a), and narrowing the scope of foreign corporations that are treated as controlled foreign corporations for purposes of the look-through rule under §954(c)(6), as published in the Federal Register on September 22, 2020.