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

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.

CommentOct 30, 2020 - 9:00am

U.S. Chamber Comments on REG-107911-18: Rules Concerning the Limitation on the Deduction for Business Interest Expense

On October 30, 2020, the U.S. Chamber delivered these comments to the I.R.S. and Treasury on REG-107911-18, proposed rules concerning the limitation on the deduction for business interest expense after amendment of the Internal Revenue Code (Code) by the provisions commonly known as the Tax Cuts and Jobs Act, which was enacted on December 22, 2017, and the Coronavirus Aid, Relief, and Economic Security Act, which was enacted on March 27, 2020, as published in the Federal Register on September 14, 2020.

CommentOct 19, 2020 - 9:45am

Coalition Letter: Retention of Revenue Procedure 94-69

On October 19, 2020, the U.S. Chamber and 16 other Trade Organizations delivered these comments to the I.R.S. and Treasury regarding Revenue Procedure 94-69, providing special procedures for taxpayers that are subject to the (former) Coordinated Examination Program (“CEP”) to show additional tax due or make disclosures to avoid the imposition of accuracy-related penalties for negligence, disregard of rules or regulations, or substantial understatement of income tax – as requested in the I.R.S. News Release of August 19, 2020.

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
banner image

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: