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 FoldJul 13, 2021 - 11:00am
Young woman check prices on cans in a grocery store aisle.

We Should Take the Threat of Higher Inflation Seriously – Here are 5 Ways to Do So

A Chamber economist presents five ways Congress and the Biden administration can get in front of inflation before it is too late.

Above the FoldJun 24, 2021 - 11:30am
Corporate Tax Incrase

A Higher Corporate Tax Rate Would Hurt Our Economy. Reuters Tax Article Misses the Mark.

Raising taxes on businesses will make it less attractive for them to invest in the U.S.

Above the FoldJun 21, 2021 - 3:00pm
The White House in Washington, D.C. on a sunny day

President Biden’s Corporate Tax Hike Means Higher Energy Prices for Families and Businesses

Americans will be paying more for energy if Congress passes President Biden’s proposed corporate tax hike.

Above the FoldJun 16, 2021 - 12:15pm

Treasury's ARPA Tax Mandate Limits State Recovery Efforts

U.S. Chamber State & Local Policy Initiative launches map to track American Rescue Plan funds and track litigation stop the ARPA tax mandate

Above the FoldMay 26, 2021 - 8:45am
Professional Accountant Woman looks over invoices and numbers on the computer screen.

Raising the Corporate Tax Rate Will Damage Economic Recovery and Threaten Competitiveness

Raising our corporate tax rate, combined with the average state rate, would put our tax rate above the OECD average.

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.