Taxes
America has the most innovative, dynamic, and resilient economy in history—our tax system should strengthen our economy, not undermine it. The U.S. Chamber promotes a tax system that allows taxpayers and business owners to make smart decisions about how they work, save, and invest. Low tax rates and a stable tax code allow businesses to grow the economy, create jobs for Americans, and invest for the future while supporting communities and society at large through tax revenues.
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Congress must seize this opportunity to enact H.R. 7024 and retroactively restore R&D expensing for American small and midsize businesses.
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With tax filing season starting today, it is imperative that Congress act now to avoid further negative impacts to American businesses.
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Congress urgently needs to enact legislation addressing three key business tax provisions
Further reading
- A Business Guide to the U.S. EconomyWhat business owners need to know about the current state of the U.S. economy, including how the pandemic, labor shortage, and other trends are impacting performance.Learn More
- Finance and Financial Regulation Basics for BusinessesThe basics of financing and financial regulations for businesses, including sources of financing, government regulators, and the role of financial institutions.Learn More
- Small Business Would Be Hit Hard by Corporate Tax IncreaseThere are 1.4 million small businesses, employing about 13 million Americans, that would end up paying the higher rate.Learn More
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Our Work
The U.S. Chamber works with our partners in government and fights for tax policies that will help American businesses succeed at home, compete abroad, and attract global businesses to our shores.
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Latest Content
The economy is strong, and businesses are investing in their workers and communities.
Jobs grew by 201,000 jobs in August, and the unemployment rate remained at 3.9%.
On August 28, the U.S. Chamber submitted the following comments to the Treasury Department and the IRS detailing concerns regarding foreign tax credit transition rules.
This letter was sent to Treasury Secretary Steven Mnuchin and Assistant Secretary for Tax Policy David Kautter as well as all members of the Senate Committee on Finance and the House Committee on Ways and Means on tax overpayments and Section 965.
This letters was sent to Representative Peter Roskam (with a cc to Rep. Kevin Brady and Senator Orrin Hatch) in support of H.R. 4916, "IRS Abuse and Protecting Free Speech Act of 2018."
On July 24, 2018, Dr. Christel Slaughter, CEO of SSA Consultants and incoming U.S. Chamber Chair of the Small Business Council, sent a letter to Chairman Chabot and Ranking Member Velázquez thanking them for holding a hearing on how the passage of Tax Cuts and Jobs Act has benefited small businesses. The hearing will take place July 25, 2018.
On December 22, 2017, President Trump signed the first major overhaul of the nation’s federal tax code in more than 30 years.
The RSM US Middle Market Business Index remains robust in the second quarter of 2018.
WASHINGTON, D.C. — The RSM US Middle Market Business Index (MMBI), presented by RSM US LLP (“RSM”) in partnership with the U.S.
Our government has a responsibility to protect Social Security and Medicare but is currently failing to meet that responsibility.