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.

Tax Reform: Unleashing American Growth

Washington passed the first major tax reform in more than three decades. 

Explore the map to see how companies responded.

 

 

 

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. 

Our Priorities

Recent Activity

Above the FoldMay 13, 2021 - 9:15am
Business owner wearing a facemask while bookkeeping at a restaurant using a laptop during the COVID-19 pandemic

Raising the Capital Gains Tax: Who Does it Really Hurt?

The Biden Administration's proposed tax increases ignore the millions of Americans who will pay the price of the proposed tax increases.

Above the FoldApr 30, 2021 - 2:45pm
Small businesses along Main Street in America

Small Business Would Be Hit Hard by Corporate Tax Increase

Over one million small businesses would see their tax bills increase significantly with a corporate income tax raise.

Above the FoldMar 04, 2021 - 3:30pm
FTT header image

63% of Americans Oppose a Financial Transaction Tax

Why the Financial Transaction Tax would do more harm than good.

Above the FoldMar 03, 2021 - 9:00am
Corporate employees look at financial projections.

The “Fair Share” Fig Leaf

Rather than raising taxes, we need to focus on policies that will drive our economic recovery during the COVID-19 pandemic. Read more.

Above the FoldFeb 17, 2021 - 12:45pm
Woman in corporate office going over financial documents.

Preventing Changes to GILTI That Hurt Competitiveness

Tax reform improved the competitiveness of our tax system – and proposals to double the GILTI rate is a step in the wrong direction.

Above the FoldJan 27, 2021 - 7:15am
Business financial projection documents

The Case for Preserving a Competitive Corporate Tax Rate

There is bipartisan agreement that an economic downturn is not the time to raise taxes. Here's why.

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:

Above the FoldMay 30, 2019 - 1:30pm
A "Tax Cuts and Jobs Act" sign on a podium at a news conference after the House of Representatives voted on the tax reform bill in 2017.

Congressional Research Service Downplays Tax Reform’s Impact on the Economy

Its analysis of the Tax Cuts and Jobs Act contains erroneous or slanted statements.

Above the FoldMay 01, 2019 - 2:30pm
A storefront at night in Annapolis, MD.

A ‘Dark Store’ Grab for State and Local Tax Revenue

Some taxing authorities want to severely limit, or even eliminate, the comparable sales method.

Above the FoldMar 05, 2019 - 2:30pm
Digital icons superimposed on a world map.

Tax Principles for a Digitalizing World Economy

Countries taking a unilateral approach is counterproductive.