U.S. Chamber Commends Release of Senate Tax Proposal and Continued Momentum for Permanently Securing Pro-Growth Tax Reforms
Source: US Chamber of Commerce
What happened: Earlier this week, the Senate released its tax reform proposal, a major step toward making the 2017 Tax Cuts and Jobs Act (TCJA) permanent.
Why it matters: The U.S. Chamber of Commerce views the proposal as a continuation of pro-growth policies that have fueled economic expansion and job creation since the TCJA’s enactment.
What we’re saying: U.S. Chamber of Commerce Executive Vice President and Chief Policy Officer Neil Bradley issued the following statement applauding the release of the Senate’s tax reform proposal.
“The tax bill text released today by the Senate represents another significant step forward in advancing President Trump’s pro-growth tax agenda. We commend Chairman Mike Crapo and the lawmakers driving this effort for their dedication to making permanent the pro-growth provisions of the 2017 Tax Cuts and Jobs Act—reforms that have played a critical role in driving economic growth and expanding opportunity.
“The Senate’s proposal includes key provisions designed to not only maintain but also enhance the competitiveness of the United States’ current tax system in ways that will encourage investment and innovation for years to come.
What’s next: “The US Chamber will continue to engage with lawmakers and the administration to achieve consensus for a permanent, pro-growth tax code, and we look forward to seeing this effort through to the finish line.”
The US Chamber applauded the House passage of the One Big Beautiful Bill Act last month.
For more than a year, the US Chamber has executed an all-out advocacy blitz in support of pro-growth tax policy, spotlighting the positive impacts of the 2017 Tax Cuts and Jobs Act for American businesses and workers.
A public opinion survey conducted by McLaughlin & Associates on behalf of the US Chamber shows a majority of voters support making tax relief permanent and Americans are more likely to vote for a candidate who advocates for permanent tax relief.
The US Chamber, in partnership with state and local chambers from across the country, has hosted more than two dozen in-district roundtables with lawmakers and local businesses to highlight the need to extend these pro-growth tax provisions.