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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Maintaining and improving pro-growth tax policy next year, when the largest automatic tax increase in history is set to occur, will ensure the U.S. is globally competitive, retaining and attracting businesses, jobs, investment, and innovation here at home.
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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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The U.S. Chamber submitted comments to the United Nations Secretariat expressing our profound concerns with the proposed addition of a new article to the U.N. Model Tax Convention on the taxation of cross-border business services.
Congress must seize this opportunity to enact H.R. 7024 and retroactively restore R&D expensing for American small and midsize businesses.
AACCLA wrote to the OECD's Centre for Tax Policy and Administration to express concerns about local implementation challenges facing Pillar One of the OECD/G20 Inclusive Framework on BEPS’s two-pillar solution to address the tax challenges arising from the digitalisation of the economy.
The U.S. Chamber of Commerce led a coalition of organizations in submitting comments to the Department of the Treasury and Internal Revenue Service regarding their proposed regulations to implement the clean hydrogen production credit in section 45V of the Internal Revenue Code, as established by the Inflation Reduction Act of 2022.
The U.S. Chamber’s new interactive map quantifies the impact in every state and congressional district.
The U.S. Chamber urges Congress to enact the “Main Street Tax Certainty Act,” which would make the 20% pass-through deduction permanent.
Neil Bradley, Executive Vice President and Chief Policy Officer at the U.S. Chamber of Commerce, released a statement upon the U.S. House passing the Tax Relief for American Families and Workers Act of 2024 (H.R. 7024).
This Key Vote Alert! letter was sent to the Members of the U.S. House of Representatives, supporting H.R. 7024, the "Tax Relief for American Families and Workers Act of 2024."
With tax filing season starting today, it is imperative that Congress act now to avoid further negative impacts to American businesses.
