U.S. Chamber of Commerce Executive Vice President and Chief Policy Officer Neil Bradley issued a statement following Senate passage of the One Big Beautiful Bill Act (H.R. 1), which would deliver lasting, pro-growth tax reforms to American businesses and workers.
“With today’s vote, the Senate has taken decisive action to deliver the kind of permanent tax relief the American business community has been calling for. The tax provisions included in this bill will not only drive economic growth and sharpen America’s competitive edge but also put more money in workers’ pockets, increasing prosperity in communities across the country.
“The Chamber thanks Leader Thune, Chairman Crapo, and all who are working to make the pro-growth reforms of the 2017 Tax Cuts and Jobs Act permanent, including the deduction for domestic R&D expenditures, 100% bonus depreciation for certain business investments, and an expanded business interest limitation.
“The Chamber applauds the Senate for voting to make these provisions permanent features of the tax code. We urge lawmakers to swiftly pass the OBBBA and deliver it to President Trump to be signed into law.”
On Friday, the Chamber and a national coalition of associations and state and local chambers—representing hundreds of thousands of employers across the country—called on Congress to pass OBBBA. Ahead of the Senate vote, the Chamber also issued a Key Vote Letter.
For more than a year, the 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 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 Chamber, in partnership with state and local chambers from across the country, has hosted more than three dozen in-district roundtables with lawmakers and local businesses to highlight the need to extend these pro-growth tax provisions.