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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Recent polling data from the U.S. Chamber of Commerce reveals a majority of American voters say higher taxes on businesses will lead to higher prices.
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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 Key Vote Alert! letter was sent to the members of the United States Senate supporting S. 3548, the "Coronavirus Aid, Relief, and Economic Security (CARES) Act."
This Hill Letter was sent to the members of the United States Senate, supporting Senate passage of H.R. 6201, the "Families First Coronavirus Response Act."
This Hill letter was sent to the House Committee on Ways and Means committee's subcommittee on Select Revenue Measures, on the hearing entitled, “Examining the Impact of the Tax Code on Native American Tribes," and supporting H.R. 2484, the “Tribal Tax and Investment Reform Act.”
This Hill letter was sent to the United States Senate, supporting S. 604, the “Mobile Workforce State Income Tax Simplification Act of 2019.”
This Hill letter was sent to the U.S. House of Representatives, supporting H.R. 5674, the “Mobile Workforce State Income Tax Simplification Act of 2019.”
Click here to access op-ed.
On February 14, the U.S. Chamber submitted these comments to the I.R.S. and Treasury on REG-105495-19: guidance related to the allocation and apportionment of deductions and foreign taxes, the definition of financial services income, foreign tax redeterminations under section 905(c), the disallowance of certain foreign tax credits under section 965(g), and the application of the foreign tax credit limitation to consolidated groups, as published in the Federal Register on December 17, 2019.
On February 13, the U.S. Chamber submitted these comments to the I.R.S. and Treasury on REG-122180-18, proposed regulations under section 162(m) of the Internal Revenue Code, which limits the deduction for certain employee remuneration in excess of $1,000,000 for federal income tax purposes, as published in the Federal Register on December 20, 2019.
On January 31, the U.S. Chamber submitted these comments to the I.R.S. and Treasury on REG-112607-19, guidance regarding the base erosion and anti-abuse tax imposed on certain large corporate taxpayers with respect to payments made to foreign related parties, as published in the Federal Register on December 6, 2019.
U.S. Chamber President Tom Donohue's remarks on the State of American Business as prepared for delivery on January 9, 2020.