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
A corporate profits minimum tax would be terribly complicated and have many unforeseen consequences.
This is a bipartisan, commonsense bill that would be helpful in getting unspent COVID funds to much-needed infrastructure projects.
This Coalition letter was sent to the President of the United States on the Department of the Treasury's tax reporting proposal.
We must not surrender jobs, growth, or tax revenues to other countries in order to advance a multi-trillion partisan agenda at home.
WASHINGTON, D.C. – The U.S. Chamber of Commerce today launched a significant, six-figure paid advertising campaign in opposition to the multi-trillion reconciliation bill that poses a significant threat to the American economy.
This comment was submitted to the U.S. Department of Treasury on October 6, 2021.
The U.S. Chamber of Commerce’s Center for Capital Markets Competitiveness (CCMC) today released a new study detailing how stock buybacks benefit investors, reduce volatility, and promote efficient capital allocation.
The Biden administration is so eager to raise taxes on businesses that it is trying raise our existing global minimum tax while simultaneously imposing another, redundant global minimum tax. Both policies are misguided. Raising taxes on U.S. multinational businesses will hurt American workers through fewer jobs and lower wages. And it makes no sense to make our existing minimum tax worse before potentially levying another minimum tax.
Congress is working to significantly raise taxes on businesses, workers and American families to fund the $3.5 trillion reconciliation bill.
Read our comments to the Internal Revenue Service on Permanent Relief for Remote Witnessing Procedures.