U.S. Chamber of Commerce President and CEO Thomas J. Donohue issued the following statement after final passage of the “Tax Cuts and Jobs Act,” sending the legislation to President Trump to sign into law:
“Today, Congress achieved what many said was impossible – overhauling our country’s broken, outdated tax code and updating it with bold reforms for lasting growth.
“American businesses will become more competitive around the world. The business community has long called for lower rates for all businesses, full and immediate expensing, and a territorial tax system because we know these elements are the pro-growth reforms our economy needs to thrive.
“We applaud the House and Senate Republican leadership, especially Speaker Paul Ryan and Senate Majority Leader Mitch McConnell, as well as House Ways and Means Committee Chairman Kevin Brady and Senate Finance Committee Chairman Orrin Hatch, for their hard work and dedication to ensuring this tax reform is as pro-growth as possible. Our country will reap the benefits of this once-in-a-generation achievement for years to come. When this legislation is signed into law, Americans will see bigger paychecks as well as more opportunities for jobs and for energy development from Alaska.”
In July, the Chamber said tax reform failure is not an option, so we engaged on all fronts to ensure its passage. Below is additional background information on the Chamber’s efforts to date:
- Engaged state and local Chambers of Commerce across the country to weigh in with their members of Congress in support of tax reform;
- Educated and activated hundreds-of-thousands of grassroots supporters on the merits of the “Tax Cuts and Jobs Act” and urged engagement with legislators through phone calls, letter-writing campaigns, and social media engagement;
- Communicated feedback from the business community to the Senate and House throughout the entire process, starting with our principles and continuing with guidance on specific provisions in the final legislative text;
- Ran a seven-figure paid media campaign in targeted districts and states across the country, including through television, digital, and radio mediums, encouraging action on tax reform;
- Organized more than 300 in-district tax events with leaders from local business communities;
- Created Tax Reform for America, a microsite dedicated to providing constituents with a platform to communicate with their legislators while also hosting historic facts, testimonials, polls, and talking points; and
- Prepared and distributed 435 district-specific and 50 state-specific one-pagers on the economic impact of tax reform for members of Congress.