Taxes

Our tax code is a drag on growth, wages, and global competitiveness. U.S. businesses will increasingly struggle to compete around the world and remain strong at home if we don’t modernize our antiquated and complex tax code. The Chamber is fighting for a smarter, 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. 

Search all Taxes content

.@USChamber: 10 Things That Have Dramatically Changed Since The Last Time We Reformed The #Tax Code
https://t.co/zzaM1IdNOt

04/19/2017

.@USChamber's Foster: #Tax Reform Could Be An Answer To The Fiscal Nightmare Left By Obama https://t.co/yDLAPXGGYu

04/18/2017

.@USChamber's Harris: The State of America’s #Tax System: We Need Pro-Growth Reform https://t.co/6WewLlJnar

04/17/2017

Our Position

The Chamber is committed to comprehensive reforms to the American tax system that will attract international investment, encourage innovation, foster economic growth and job creation, and increase American global competitiveness. To that end the Chamber is advancing a pro-growth tax agenda to lower tax rates for businesses and individuals alike, establish a more economically rational tax base, and simplify compliance and administration.

Our priorities include:

  • Lower Rates: Lowering the U.S. business tax rate—the highest in the advanced world—would reduce or even eliminate the competitive disadvantage American businesses face in the global economy, encourage investment from both domestic and foreign sources, and  drive job creation in the United States.
     
  • Allow capital Investment: Tax reform should eliminate the bias in the current U.S. tax system against capital investment.
     
  • Shift to Territorial System: We should replace our system of worldwide taxation with a territorial system so that businesses aren’t double-taxed on income earned overseas. This would help American companies compete globally while promoting economic growth at home.
     
  • Ensure Industry Neutrality: Tax reform legislation should ensure all industries are treated equally under the tax law, eschewing special tax benefits or penalties targeted to one industry versus another.  The reformed tax code should allow the marketplace, not the tax system, to allocate capital and resources.
     
  • Set Clear Rules of the Road: Tax rules should be simple, predictable, and easy-to-understand to improve compliance and reduce the cost of administration.
     
  • Provide a Smooth Transition: Comprehensive tax reform should include simple, realistic transition rules to provide adequate time for implementation and help minimize hardships businesses may encounter in transitioning to the new tax system.
     
  • Promote Certainty: Comprehensive tax reform changes should be made permanent to ensure certainty for businesses striving to expand, create jobs, and remain competitive in the United States and abroad.

Letters

The latest updates across all U.S. Chamber properties

E.g., 04/23/2017
E.g., 04/23/2017
Letter

The below letter was sent to Treasury Secretary Jack Lew from more than 3,800 trade associations, state and local chambers, and businesses asking the Treasury Department to withdraw their "proposed minority discount rules," because of their negative impact on jobs, investment, and economic growth.

Wednesday, September 28, 2016 - 10:30am
Letter

The below letter was sent to Treasury Secretary Jack Lew from nearly 50 Ohio-based employers expressing their concern with the Treasury Department’s proposed regulations under section 385 of the Internal Revenue Code.

Tuesday, September 27, 2016 - 8:30am
Letter

This letter supporting H.R. 4943, the "Tribal Tax and Investment Reform Act of 2016,” was sent to Reps. Kind and Lynn Jenkins, as well as all members of the Committees on Ways and Means and Education and the Workforce.

Monday, July 11, 2016 - 2:00pm
Letter

This Key Vote Alert! letter was sent to the members of the U.S. House of Representatives in support of H.R. 5053, the “Preventing IRS Abuse and Protecting Free Speech Act.”

Tuesday, June 14, 2016 - 9:45am
Letter

Today, the Economic Policy Division submitted the attached comment letter requesting a 90-day extension of the deadline for filing comments on REG-108060-15 (proposed Treasury regulations under section 385).

Friday, May 6, 2016 - 11:30am
Letter

This Key Vote Alert! letter supporting H.R. 2029, as amended by the House with the “Consolidated Appropriations Act, 2016,” and the “Protecting Americans from Tax Hikes (PATH) Act of 2015,” was sent to all Members of the United States Senate.

Thursday, December 17, 2015 - 5:30pm
Letter

This Key Vote Alert! letter supporting the “Consolidated Appropriations Act, 2016,” and several policy provisions within it, was sent to all Members of the U.S. House of Representatives.

Thursday, December 17, 2015 - 9:00am
Letter

The U.S. Chamber of Commerce strongly supports the “Protecting Americans from Tax Hikes (PATH) Act of 2015,” which would make permanent several expired business incentives, extend dozens of other vital business tax provisions, and temporarily suspend the onerous medical device excise tax and is expected to be added as an amendment to the Senate amendment to H.R. 2029.

Wednesday, December 16, 2015 - 12:30pm