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U.S. Chamber Announces Pro-Growth Tax Priorities for 2025

Source: U.S. Chamber of Commerce

Pro-growth tax policies benefit Americans by encouraging businesses to invest in their companies, workers, and communities, leading to higher wages and a better standard of living. In a letter sent to the House Ways and Means Committee last week, the U.S. Chamber outlined our three fundamental, overarching tax policy priorities for Congress heading into 2025:

  • Preserving competitive business tax rates, including the 21% corporate income tax rate and the 20% pass-through deduction for qualified business income.
  • Restoring important provisions like the R&D expense deduction, full capital expensing for certain business assets, and a pro-growth interest deductibility limitation.
  • Maintaining the competitiveness of the U.S. international tax system—for both U.S. companies operating abroad and foreign companies investing in the U.S.—while preserving our corporate tax base.

Why it matters: Next year, lawmakers must work to avoid the largest tax increase in American history, which will otherwise occur automatically at the end of 2025, when many important individual, business, and estate tax provisions are scheduled to expire.

What else the U.S. Chamber is doing: The U.S. Chamber launched an education program on the need for elected officials to avoid a tax hike. U.S. Chamber Senior Political Strategist Ashlee Rich Stephenson told Fox Business that “tax policy issues should be debated now "when constituents and voters are hypersensitive and paying attention."

Learn more:

  • In September, the U.S. Chamber led over 500 state and local chambers of commerce and national trade associations in calling on the next Congress and administration to prevent a significant tax increase.
  • The U.S. Chamber’s Growing America’s Future campaign is an education and advocacy effort to maintain a pro-growth tax code supporting a robust economy that benefits all Americans.

    The Columbia Montour Chamber of Commerce is a 75-year member of the U.S. Chamber of Commerce.  Through the U.S. Chamber's membership and its local chamber Federation, the CMCC routinely receives resources and information designed to assist and inform its own members.
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