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.

Projects and Programs


Our Priorities

The U.S. Chamber continues to fight for and support broad-based economic growth through effective tax, fiscal, and monetary policy. 

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. 

Recent Activity

CommentSep 16, 2020 - 5:45pm

U.S. Chamber Comments on REG-127732-19: Guidance under Section 954(b)(4) Regarding Income Subject to a High Rate of Foreign Tax

On September 16, 2020, the U.S. Chamber delivered these comments to the I.R.S. and Treasury on REG-127732-19, proposed regulations under the subpart F income and global intangible low-taxed income provisions of the Internal Revenue Code regarding the treatment of certain income that is subject to a high rate of foreign tax, as well as proposed regulations under the information reporting provisions for foreign corporations to facilitate the administration of certain rules in the proposed regulations, as published in the Federal Register on July 23, 2020.

Letters to CongressSep 15, 2020 - 9:15am

U.S. Chamber Letter on H.R. 216 and S. 1149, the "Main Street Tax Certainty Act"

This Hill letter was sent to the Members of the United States Congress, urging cosponsorship of H.R. 216 / S. 1149, the "Main Street Tax Certainty Act."

CommentAug 20, 2020 - 10:45am

U.S. Chamber Comments on REG-119307-19: Qualified Transportation Fringe, Transportation and Commuting Expenses under Section 274

On August 20, 2020, the U.S. Chamber delivered these comments to the I.R.S. and Treasury on REG-119307-19, proposed regulations to implement legislative changes to section 274 of the Internal Revenue Code (Code) effective for taxable years beginning after December 31, 2017, specifically addressing the elimination of the deduction under section 274 for expenses related to certain transportation and commuting benefits provided by employers to their employees in taxable years beginning after December 31, 2017, as published in the Federal Register on June 23, 2020.

Letters to CongressAug 18, 2020 - 12:00pm

Coalition Letter on the Executive Order Deferring Payroll Tax Obligations

This Coalition letter was sent to Congressional leadership and to Treasury Secretary Steven Mnuchin, on the President's Executive Order Deferring Payroll Tax Obligations.

ArticleAug 17, 2020 - 12:00pm
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Payroll Tax Deferral: Income Impact Analysis

Congress and the White House need to come together on a path that supports families without creating the uncertainty of a big tax surprise.

Press ReleaseAug 12, 2020 - 6:00pm

U.S. Chamber Urges Treasury Department to Issue Clear Guidance on Payroll Tax

WASHINGTON, D.C. – U.S. Chamber of Commerce Executive Vice President and Chief Policy Officer Neil Bradley today issued the following statement regarding the need for clear guidance from the U.S. Department of Treasury for implementing the payroll tax Executive Order: 

CommentAug 12, 2020 - 4:45pm

U.S. Chamber Letter to Secretary Mnuchin on Implementation of the Executive Order Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster

On August 12, 2020, the Chamber delivered this letter to Secretary Mnuchin regarding the implementation of the Executive Order deferring payroll tax obligations in light of the ongoing COVID-19 disaster.

CommentAug 03, 2020 - 4:30pm

U.S. Chamber Comments on REG-112339-19: Credit for carbon oxide sequestration under section 45Q

On August 3, 2020, the Chamber submitted these comments to the I.R.S. and Treasury on REG-112339-19, guidance on the credit for carbon oxide sequestration under §45Q of the Internal Revenue Code, as published in the Federal Register on June 2, 2020.

CommentJul 20, 2020 - 3:30pm

U.S. Chamber Comments on N-2020-47: Public Recommendations Invited on Items to be Included on the 2020-2021 Priority Guidance Plan

On July 20, 2020 the Chamber submitted these comments to the I.R.S. and Treasury on Notice 2020-47, recommendations for items that should be included on the 2020-2021 Priority Guidance Plan, as published in the Internal Revenue Bulletin on June 29, 2020.