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

Letters to CongressApr 02, 2020 - 2:00pm

U.S. Chamber Letter Urging Treasury and IRS COVID-19 Initial Implementation Tax Response

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.

Press ReleaseApr 01, 2020 - 4:15pm

U.S. Chamber Releases Two New Step-by-Step Guides for COVID Employer Tax Credit, Disaster Loans

“The U.S. Chamber of Commerce is working with state and local chambers across the country to provide businesses with the information they need to stay afloat and keep people employed during the pandemic,” said Suzanne Clark, President of the U.S. Chamber of Commerce. “These comprehensive guides ensure business owners fully understand what aid is available to them and how to access those funds as quickly as possible. We are committed to ensuring no family or business goes bankrupt due to financial hardships associated with the coronavirus.”

Letters to CongressMar 23, 2020 - 11:15am

U.S. Chamber Key Vote Alert! Letter on the CARES Act

This Key Vote Alert! letter was sent to the members of the United States Senate supporting S. 3548, the "Coronavirus Aid, Relief, and Economic Security (CARES) Act."

Letters to CongressMar 17, 2020 - 1:00pm

U.S. Chamber Letter Urging Senate Consideration of H.R. 6201, the "Families First Coronavirus Response Act"

This Hill Letter was sent to the members of the United States Senate, supporting Senate passage of H.R. 6201, the "Families First Coronavirus Response Act."

Letters to CongressMar 03, 2020 - 4:00pm

U.S. Chamber Letter on H.R. 2484, the "Tribal Tax and Investment Reform Act"

This Hill letter was sent to the House Committee on Ways and Means committee's subcommittee on Select Revenue Measures, on the hearing entitled, “Examining the Impact of the Tax Code on Native American Tribes," and supporting H.R. 2484, the “Tribal Tax and Investment Reform Act.”

Letters to CongressFeb 26, 2020 - 1:30pm

U.S. Chamber Letter on S. 604, the “Mobile Workforce State Income Tax Simplification Act of 2019”

This Hill letter was sent to the United States Senate, supporting S. 604, the “Mobile Workforce State Income Tax Simplification Act of 2019.”

Letters to CongressFeb 26, 2020 - 1:30pm

U.S. Chamber Letter on H.R. 5674, the “Mobile Workforce State Income Tax Simplification Act of 2019”

This Hill letter was sent to the U.S. House of Representatives, supporting H.R. 5674, the “Mobile Workforce State Income Tax Simplification Act of 2019.”

CommentFeb 14, 2020 - 9:00am

U.S. Chamber Comments on REG-105495-19: Proposed Foreign Tax Credit Rules

On February 14, the U.S. Chamber submitted these comments to the I.R.S. and Treasury on REG-105495-19: guidance related to the allocation and apportionment of deductions and foreign taxes, the definition of financial services income, foreign tax redeterminations under section 905(c), the disallowance of certain foreign tax credits under section 965(g), and the application of the foreign tax credit limitation to consolidated groups, as published in the Federal Register on December 17, 2019.

CommentFeb 13, 2020 - 9:15am

U.S. Chamber Comments on REG-122180-18: Certain Employee Remuneration in Excess of $1,000,000 under Internal Revenue Code Section 162(m)

On February 13, the U.S. Chamber submitted these comments to the I.R.S. and Treasury on REG-122180-18, proposed regulations under section 162(m) of the Internal Revenue Code, which limits the deduction for certain employee remuneration in excess of $1,000,000 for federal income tax purposes, as published in the Federal Register on December 20, 2019.

CommentJan 31, 2020 - 9:15am

U.S. Chamber Comments on REG-112607-19: Additional Rules Regarding Base Erosion and Anti-Abuse Tax

On January 31, the U.S. Chamber submitted these comments to the I.R.S. and Treasury on REG-112607-19, guidance regarding the base erosion and anti-abuse tax imposed on certain large corporate taxpayers with respect to payments made to foreign related parties, as published in the Federal Register on December 6, 2019.