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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On June 11, 2024, the U.S. Chamber submitted comments to the Treasury Department and Internal Revenue Service regarding the application of the new excise tax on repurchases of corporate stock.
On May 31, 2024, the U.S. Chamber submitted comments to the Treasury Department and Internal Revenue Service recommending a range of critical items to be included on their 2024–2025 Priority Guidance Plan.
"Like tax policies enacted elsewhere, the Chamber will judge the individual policies enacted as part of the IRA based on the best available data and whether or not the provisions support greater economic growth and improve American competitiveness," said Chief Policy Officer Neil Bradley.
Many of the individual, business, and estate tax reforms enacted in 2017 are scheduled to expire at the end of 2025.
The 2024 Tax Policy Summit convened current and former members of Congress and industry professionals to kick off the Chamber's major education and advocacy effort in support of pro-growth tax policies.
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.
