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.

Press Releases

The latest updates across all U.S. Chamber properties

E.g., 04/23/2017
E.g., 04/23/2017
Press Release

CORAL GABLES, FL —U.S. Chamber of Commerce President and CEO Thomas J. Donohue today outlined the business community’s vision for pro-growth tax reform at the organization’s Spring Board of Directors meeting. The U.S. Chamber played an instrumental role in the 1986 tax reform legislation, and plans to be heavily engaged in the coming effort.

Tuesday, March 7, 2017 - 10:30am
Press Release

Business Community Optimistic, Realistic, and Ready for Meaningful Reform to Reignite Spirit of American Enterprise

WASHINGTON, D.C.— U.S. Chamber President and CEO Thomas J. Donohue said today in his annual “State of American Business” address that fostering stronger, faster, and more broadly shared economic growth must be the top priority for the nation’s leaders.

Wednesday, January 11, 2017 - 9:30am
Press Release

WASHINGTON, D.C. — U.S. Chamber of Commerce Vice President, Tax Policy and Chief Tax Policy Counsel Caroline Harris issued the following statement today after the Obama administration released its final Section 385 tax regulations:

Thursday, October 13, 2016 - 5:15pm
Press Release

WASHINGTON, D.C.— U.S. Chamber of Commerce Executive Vice President and Head of International Affairs Myron Brilliant issued the following statement on the European Commission’s decision against Apple for tax arrangements with Ireland that are deemed to violate EU State Aid laws:

“This morning’s announcement by the European Commission that Apple must pay taxes and interest of more than $14.5 billion calls into question the ultimate legal authority of European national tax regimes and threatens to drive away international investment. The Chamber disagrees with the ruling.

Tuesday, August 30, 2016 - 5:15pm
Press Release

The U.S. Chamber of Commerce and the Texas Association of Business today filed a legal challenge to the IRS’s immediately effective Multiple Acquisition Rule, which attempts to prevent certain corporate mergers that are otherwise permitted under the inversion rules under Section 7874 of the Internal Revenue Code.

Thursday, August 4, 2016 - 1:15pm
Press Release

WASHINGTON, D.C.—U.S. Chamber of Commerce Executive Vice President for Government Affairs Bruce Josten released the following statement today welcoming House Ways and Means Committee Chairman Kevin Brady’s efforts to reform the federal tax system:

“We strongly commend Chairman Brady and his Ways and Means Committee colleagues for their work embodied in the recently released draft proposal substantially advancing the debate on comprehensive tax reform.

Friday, June 24, 2016 - 11:00am
Press Release

U.S. Chamber of Commerce Executive Vice President for Government Affairs Bruce Josten today issued the following statement regarding President Obama’s comments about tax inversions...

Tuesday, April 5, 2016 - 4:00pm
Press Release

U.S. Chamber of Commerce Executive Vice President for Government Affairs Bruce Josten issued the following statement today applauding the House for passing a long-term tax extenders package, and urging swift action in the Senate:

Thursday, December 17, 2015 - 1:00pm
Press Release

U.S. Chamber of Commerce President and CEO Thomas J. Donohue issued the following comments regarding the compromise FY2016 omnibus spending bill and the policy priorities that were included:

“Congress continues to defy expectations that nothing would get done this year. It already passed the first meaningful reform to entitlements in a generation, the first highway bill in a decade, the first changes to our broken permitting process since 1969, and trade promotion authority. The omnibus spending bill—while far from perfect—builds on these achievements by implementing a number of important business priorities that will strengthen economic growth, create jobs, and enhance America’s competitiveness and security...

Wednesday, December 16, 2015 - 4:00pm