Taxes
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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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Latest Content
This Coalition letter was sent to Congressional leadership and to Treasury Secretary Steven Mnuchin, on the President's Executive Order Deferring Payroll Tax Obligations.
WASHINGTON, D.C. – Today the U.S. Chamber of Commerce along with more than 30 trade associations sent a letter to Congress and the U.S.
Congress and the White House need to come together on a path that supports families without creating the uncertainty of a big tax surprise.
WASHINGTON, D.C. – U.S. Chamber of Commerce Executive Vice President and Chief Policy Officer Neil Bradley today issued the following statement regarding the need for clear guidance from the U.S. Department of Treasury for implementing the payroll tax Executive Order:
On August 12, 2020, the Chamber delivered this letter to Secretary Mnuchin regarding the implementation of the Executive Order deferring payroll tax obligations in light of the ongoing COVID-19 disaster.
On August 3, 2020, the Chamber submitted these comments to the I.R.S. and Treasury on REG-112339-19, guidance on the credit for carbon oxide sequestration under §45Q of the Internal Revenue Code, as published in the Federal Register on June 2, 2020.
On July 20, 2020 the Chamber submitted these comments to the I.R.S. and Treasury on Notice 2020-47, recommendations for items that should be included on the 2020-2021 Priority Guidance Plan, as published in the Internal Revenue Bulletin on June 29, 2020.
On July 9, 2020 the Chamber submitted these comments to the I.R.S. and Treasury on REG-104591-18 guidance on section 162(f) of the Internal Revenue Code (Code), as amended by legislation enacted in 2017, concerning the deduction of certain fines, penalties, and other amounts as well as proposed regulations that provide guidance relating to the information reporting requirements under new section 6050X of the Code with respect to those fines, penalties, and other amounts, as published in the Federal Register on May 23, 2020
On May 21, 2020 the Chamber submitted these comments to the I.R.S. and Treasury on additional modifications to the Employee Retention Tax Credit Frequently Asked Questions, last updated by the I.R.S. on May 8, 2020.
On May 19, 2020, the U.S. Chamber submitted these comments to the I.R.S and Treasury on REG-106013-19, guidance involving hybrid arrangements and the allocation of deductions attributable to certain disqualified payments under Section 951A (Global Intangible Low-Taxed Income), as published in the Federal Register on April 8, 2020.