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 FoldJun 24, 2021 - 11:30am
Corporate Tax Incrase

A Higher Corporate Tax Rate Would Hurt Our Economy. Reuters Tax Article Misses the Mark.

Raising taxes on businesses will make it less attractive for them to invest in the U.S.

ArticleJun 24, 2021 - 11:30am
The Internal Revenue Service headquarters in Washington, D.C.

Reuters is Wrong. A Higher Corporate Tax Rate Would Hurt Our Economy.

Raising taxes on businesses will make it less attractive for them to invest in the U.S.

Above the FoldJun 21, 2021 - 3:00pm
The White House in Washington, D.C. on a sunny day

President Biden’s Corporate Tax Hike Means Higher Energy Prices for Families and Businesses

Americans will be paying more for energy if Congress passes President Biden’s proposed corporate tax hike.

Above the FoldJun 16, 2021 - 12:15pm

Treasury's ARPA Tax Mandate Limits State Recovery Efforts

U.S. Chamber State & Local Policy Initiative launches map to track American Rescue Plan funds and track litigation stop the ARPA tax mandate

Letters to CongressJun 02, 2021 - 4:15pm

Joint Letter to the Senate Committee on Finance in Opposition to Proposed Changes to the Internal Revenue Code in the Clean Energy for America Act

On June 2, the Chamber delivered this joint letter to the Senate Committee on Finance in opposition to proposed changes to the Internal Revenue Code in the Clean Energy for America Act.

CommentMay 26, 2021 - 5:00pm

U.S. Chamber Comments on Notice 2021-28: Priority Guidance Plan

On May 26, 2021, the Chamber submitted these comments to the I.R.S. and Treasury on Notice 2021-28, recommendations for items that should be included on the 2021-2022 Priority Guidance Plan, as published in the Internal Revenue Bulletin on May 3, 2021.

Above the FoldMay 26, 2021 - 8:45am
Professional Accountant Woman looks over invoices and numbers on the computer screen.

Raising the Corporate Tax Rate Will Damage Economic Recovery and Threaten Competitiveness

Raising our corporate tax rate, combined with the average state rate, would put our tax rate above the OECD average.

Litigation UpdateMay 17, 2021 - 2:45pm

Supreme Court Holds That a Pre-enforcement Challenge to Certain IRS Reporting Requirements Is Not Barred by the Anti-injunction Act, Even Though Violation of Those Requirements May Result in a Tax Penalty

The Supreme Court unanimously held that the Anti-Injunction Act does not bar pre-enforcement challenges to regulatory requirements that are not themselves taxes, but are enforced through tax penalties.  The Anti-Injunction Act narrowly, but powerfully, forbids lawsuits undertaken for the purpose of restraining the assessment or collection of any federal tax. 

Above the FoldMay 13, 2021 - 9:15am
Business owner wearing a facemask while bookkeeping at a restaurant using a laptop during the COVID-19 pandemic

Raising the Capital Gains Tax: Who Does it Really Hurt?

The Biden Administration's proposed tax increases ignore the millions of Americans who will pay the price of the proposed tax increases.

Letters to CongressMay 12, 2021 - 9:30am

U.S. Chamber Letter on a Markup in the House Financial Services Committee

This Hill letter was sent to the Members of the House Financial Services Committee, on a markup the committee is holding on May 12.