Elevating the Members Working to Shield You from Tax Hikes

October 25, 2024
 
U.S. Chamber of Commerce
U.S. Chamber Action
Stand Up for Free Enterprise
 
 
 
TODAY'S EDITION:
  • Chamber launches major voter education campaign ahead of 2025 tax battle
 
 
 
These Members are Working to Shield You from Tax Hikes 
Chamber education program highlights the leadership of the elected officials building an economy for all Americans
[Image] United States Capitol Building with an American Flag billowing in the wind
The latest: On Monday, the U.S. Chamber launched a major voter education program encouraging elected officials to keep up the fight for American families and businesses, emphasizing the need to avoid a tax hike when many of the 2017 tax reforms expire next year. 

Why it matters: If Congress fails to act, families, workers, and businesses will be hit with the largest tax increase in American history at the end of 2025.    

Chamber Senior Political Strategist Ashlee Rich Stephenson:
 
 
 
 
  • “Thankfully, there are members of Congress who continue to fight to keep jobs in America and prices low for families, and we are confident they will work to avoid the largest tax hike in history.” 
  • “These policymakers know what’s at stake—increased costs for families and consumers, harm to Main Street businesses, reduced take-home pay for workers, stifled innovation and job creation in America—and now is the time for them to act.” 
 
 
 
 
Rallying for American job creators: The Chamber has been the leading voice ensuring pro-growth tax provisions in the Tax Cuts and Jobs Act (TCJA) continue to serve American households, communities, and our economy.  
  • This month, we sent a letter to the House Ways and Means Committee outlining the business community’s tax priorities for 2025. 
  • Also in September, we launched a data center showing the harmful impact of a higher corporate tax rate on businesses, workers, and local economies in every state and congressional district over a 10-year period. 

Our take: We’re urging elected officials to support smart tax policies that promote 3% annual economic growth to expand opportunities for all Americans. To achieve this, Congress and the administration must:  
  1. Preserve our now-competitive business tax rates 
  2. Ensure a competitive business tax base 
  3. Maintain the competitiveness of the U.S. international tax system 

Bottom line: The tax system should strengthen our economy, not undermine it. Delivering that message to candidates and members of Congress is a top priority for the Chamber.  
Learn More
 
 
 
 
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American free enterprise is under threat from those who want to replace it. If they succeed, it could limit your potential, stifle growth, and undermine our future.

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