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.
Related Litigation
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Failure to act now to restore immediate Research and Development expensing will increase the cost of innovation in the United States and slow economic growth for businesses of all sizes.
This Key Vote Alert! letter was sent to the Members of the United States Senate, supporting the vote to provide consent for the U.S.-Chile Tax Treaty, "Convention for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion With Respect to Taxes on Income and Capital."
On June 9, 2023, the U.S. Chamber submitted comments to the Internal Revenue Service recommending a range of critical items to be included on the 2023–2024 Priority Guidance Plan.
This Hill letter was sent to the Members of the United States Congress, supporting S. 1243 / H.R. 2767, the “Small Business Investment Act of 2023.”
This Hill letter was sent to the Members of the Senate Committee on Foreign Relations, ahead of the committee markup of S. 1457, the "Taiwan Tax Agreement Act of 2023."
The U.S. Chamber submitted comments to the Financial Accounting Standards Board (FASB) concerning its exposure draft of a proposed accounting standards update that would impose significant additional income tax disclosure requirements on business entities.
This Hill letter was sent to the Members of the Senate Committee on Foreign Relations, supporting ratification of the U.S.-Chile "Convention for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion With Respect to Taxes on Income and Capital."
The U.S. Chamber submitted comments on proposed Treasury regulations that would implement the new advanced manufacturing investment credit in section 48D of the Internal Revenue Code, which was enacted as part of the CHIPS Act of 2022 to incentivize the manufacture of semiconductors and semiconductor manufacturing equipment within the United States
