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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This Hill letter was sent to the Members of the Committee on Homeland Security and Governmental Affairs, supporting the Nomination of Neera Tanden to be Director of the Office of Management and Budget.
On February 5, 2021, the Chamber delivered these comments to the I.R.S. and Treasury on REG-101657-20, proposed regulations relating to the foreign tax credit.
There is bipartisan agreement that an economic downturn is not the time to raise taxes. Here's why.
In the face of significant challenges, including a global pandemic and an economic crisis, businesses have adapted to survive ... they have served their communities, and this country ... and they have put forward life-saving, world-changing solutions.
This Key Vote Alert! letter was sent to the Members of the United States Congress, supporting the Senate Amendment to H.R. 133, the omnibus COVID-19 relief legislative package.
On December 11, the U.S. Chamber submitted these comments to the Organisation for Economic Co-operation and Development (OECD) in response to the Public Consultation Document on the Reports on the Pillar One and Pillar Two Blueprints, as published by the OECD on October 12, 2020.
Massive small business coalition asks Congress to reverse IRS ruling that penalizes PPP borrowers
On November 16, 2020, the U.S. Chamber delivered these comments to the I.R.S. and Treasury on REG-110059-20, proposed regulations relating to the modification of §958(b)[1] of the Internal Revenue Code (“Code”) by the Tax Cuts and Jobs Act, which was enacted on December 22, 2017, modifying the ownership attribution rules applicable to outbound transfers of stock or securities of a domestic corporation under §367(a), and narrowing the scope of foreign corporations that are treated as controlled foreign corporations for purposes of the look-through rule under §954(c)(6), as published in the Federal Register on September 22, 2020.
On October 30, 2020, the U.S. Chamber delivered these comments to the I.R.S. and Treasury on REG-107911-18, proposed rules concerning the limitation on the deduction for business interest expense after amendment of the Internal Revenue Code (Code) by the provisions commonly known as the Tax Cuts and Jobs Act, which was enacted on December 22, 2017, and the Coronavirus Aid, Relief, and Economic Security Act, which was enacted on March 27, 2020, as published in the Federal Register on September 14, 2020.
In the wake of an economic crisis, now is not the time for FTTs.
