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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Our Work
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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The U.S. Chamber submitted comments to the Treasury Department in response to its request for public input on the draft OECD/G20 Inclusive Framework Multilateral Convention to Implement Amount A of Pillar One and accompanying documents.
Congress urgently needs to enact legislation addressing three key business tax provisions
The U.S. Chamber joined four other business organizations—representing both issuers and financial statement users—in urging the Financial Accounting Standards Board to reconsider its decision to finalize the proposed Accounting Standards Update, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures."
This Hill letter was sent to the Members of the Senate Committee on Finance and House Committee on Ways and Means regarding the imperative to harmonize implementation of the CHIPS for America Fund and section 48D advanced manufacturing investment tax credit.
The U.S. Chamber joined the Canadian Chamber of Commerce and several other North American business organizations in calling on Canada to withdraw its unilateral and discriminatory digital services tax proposal.
The U.S. Chamber submitted comments to Treasury and the IRS on proposed regulations that would implement a new tax information reporting regime for brokers on certain digital asset sales and exchanges.
The U.S. Chamber joined more than 1,300 trade associations, state and local chambers of commerce, and businesses from across the industry spectrum in calling on Congress to restore a trio of essential, pro-growth business tax policies—immediate R&D expensing, the EBITDA-based interest deductibility standard, and 100% bonus deprecation (full expensing).
The U.S. Chamber submitted comments on proposed Treasury regulations that would implement increased credit and deduction amounts available for taxpayers satisfying prevailing wage and registered apprenticeship (PWA) requirements established by the Inflation Reduction Act of 2022.
In response to Notice 2023-64, the U.S. Chamber submitted additional comments and guidance recommendations to Treasury and the IRS concerning the application of the new corporate alternative minimum tax.
