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 FoldJul 13, 2021 - 11:00am
Young woman check prices on cans in a grocery store aisle.

We Should Take the Threat of Higher Inflation Seriously – Here are 5 Ways to Do So

A Chamber economist presents five ways Congress and the Biden administration can get in front of inflation before it is too late.

Press ReleaseJul 13, 2021 - 8:30am

U.S. Chamber Launches State Initiative that Shows Small Businesses Would be Hit Hard by President Biden’s Proposed Tax Increases

WASHINGTON, D.C. - Today the U.S. Chamber of Commerce is launching an initiative providing detailed data on how President Biden’s proposed tax increases will impact small businesses throughout each state. 

Letters to CongressJun 30, 2021 - 2:45pm

U.S. Chamber Letter on H.R. 4054, "Tribal Tax and Investment Reform Act"

This Hill letter was sent to Representatives Ron Kind and Mike Kelly and the Members of the House Committee on Ways and Means, supporting H.R. 4054, the "Tribal Tax and Investment Reform Act."

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.