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.
Washington has passed the first major tax reform in more than three decades.
Explore the map to see how companies are responding.
| Our Priorities |
The U.S. Chamber continues to fight for and support broad-based economic growth through effective tax, fiscal, and monetary policy.
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.
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.
On July 9, 2020 the Chamber submitted these comments to the I.R.S. and Treasury on REG-104591-18 guidance on section 162(f) of the Internal Revenue Code (Code), as amended by legislation enacted in 2017, concerning the deduction of certain fines, penalties, and other amounts as well as proposed regulations that provide guidance relating to the information reporting requirements under new section 6050X of the Code with respect to those fines, penalties, and other amounts, as published in the Federal Register on May 23, 2020
On May 21, 2020 the Chamber submitted these comments to the I.R.S. and Treasury on additional modifications to the Employee Retention Tax Credit Frequently Asked Questions, last updated by the I.R.S. on May 8, 2020.
On May 19, 2020, the U.S. Chamber submitted these comments to the I.R.S and Treasury on REG-106013-19, guidance involving hybrid arrangements and the allocation of deductions attributable to certain disqualified payments under Section 951A (Global Intangible Low-Taxed Income), as published in the Federal Register on April 8, 2020.
This Hill letter was sent to Senators Cornyn, Carper, Grassley, Wyden, and Rubio, supporting S. 3612, the "Small Business Expense Protection Act."
This is a tax provision long lauded by both sides of the aisle because of its proven stimulus impacts.
On May 1, 2020 the Chamber delivered this letter to Secretary Mnuchin regarding comments and recommendations for revisions to the Employee Retention Tax Credit FAQs #64 and #65 released by the IRS.
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.
From shipping to staffing, the Chamber and its partners have the tools to save your business money and the solutions to help you run it more efficiently. Join the U.S. Chamber of Commerce today to start saving.
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.