Growing America's Future

Competitive, pro-growth tax policy is essential to grow the economy, raise wages for workers, and improve the standard of living for all Americans.

Smart tax policy is crucial for America’s future.

In 2025, lawmakers can advance growth-oriented tax policies and avoid the largest tax increase in American history, set to occur when key provisions of the 2017 Tax Cuts and Jobs Act expire.

The Chamber’s Growing America’s Future campaign advocates for maintaining a pro-growth tax code to foster a robust U.S. economy that benefits all Americans. Through policy recommendations, polling, first-hand business stories, and research, together with the support of over 500 business voices, the U.S. Chamber is urging Congress and the administration to promote economic growth and prevent tax increases as a top priority this year.

Tax Policy Fundamentals to Grow America’s Future

In 2025, lawmakers must pursue comprehensive, industry-neutral solutions to maintain a pro-growth and globally competitive U.S. business tax system. At a minimum, Congress must:

Preserve Competitive Business Tax Rates: Maintain our globally competitive 21% corporate income tax rate and permanently extend the 20% deduction for pass-through business income (section 199A).

Restore a Pro-Growth Business Tax Base: Reform our business tax base by permanently restoring the deduction for research and development (R&D) expenses, full capital expensing for certain business assets (100% bonus depreciation), and a competitive (EBITDA-based) interest deductibility standard.

Maintain a Competitive U.S. International Tax System: Adopt strategic, industry-neutral reforms to preserve the competitiveness of the U.S. international tax system—for both U.S. companies operating abroad and foreign companies investing in the United States—while protecting our corporate tax base.

On October 15, 2024, the U.S. Chamber of Commerce sent a letter to the House Committee on Ways and Means Tax Teams outlining our three fundamental tax policy priorities for the next Congress and administration heading into 2025.

Why Pro-Growth Tax Policy?

Pro-growth tax policy doesn’t just grow the overall U.S. economy — it raises wages for you and your family. Our policy memo to candidates and elected officials explains how.

Download the Memo

Improving Government

The Growth and Opportunity Imperative for America

The U.S. Chamber believes America needs a national priority for growth, driven by people through innovation and productivity and fostered through sound public policy. That's why we are outlining policies that will help us reach the goal of 3% annual real economic growth.

Learn More

Supporting Pro-Growth Tax Policy

More than 500 state and local chambers of commerce and associations have joined the U.S. Chamber in calling on the next Congress and administration to prioritize protecting American families, workers, businesses, and the economy from higher taxes and uncompetitive policies.