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 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.”

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.”

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.

Press ReleaseJan 09, 2020 - 10:00am

Donohue: 'Engaging with the world is our best strategy for strong national security and lasting prosperity'

Today U.S. Chamber CEO Thomas J. Donohue cautioned that the United States must continue to engage on the world stage or risk being left behind in his annual State of American Business Address.

SpeechJan 09, 2020 - 10:00am

2020 State of American Business Speech: A Year of Meaningful Action

U.S. Chamber President Tom Donohue's remarks on the State of American Business as prepared for delivery on January 9, 2020.

ReportJan 09, 2020 - 9:30am
The 2020 State of American Business Policy Priorities Booklet Cover Image

U.S. Chamber Policy Priorities for 2020

This booklet is the guide to the U.S. Chamber of Commerce's policy priorities for 2020. This booklet was released and referenced during the 2019 State of American Business on January 9th, 2020.

Above the FoldDec 18, 2019 - 12:00pm
Capitol

Congress Takes Key Steps to Propel American Businesses Forward with End-of-Year Legislation

Take a look at some of the Chamber's priorities that will be come law before the end of the year:

Letters to CongressDec 18, 2019 - 10:00am

U.S. Chamber Key Vote Letter to the Senate on Fiscal Year 2020 Appropriations Bills

This Key Vote Alert! letter was sent to the United States Senate, supporting Fiscal Year 2020 appropriations legislation.