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America has the most innovative, dynamic, and resilient economy in history—our tax system should strengthen our economy, not undermine it. The U.S. Chamber promotes a tax system that allows taxpayers and business owners to make smart decisions about how they work, save, and invest. Low tax rates and a stable tax code allow businesses to grow the economy, create jobs for Americans, and invest for the future while supporting communities and society at large through tax revenues.

Feature story

The U.S. Treasury Department and IRS recently provided taxpayers with welcome, temporary relief from some of the harshest aspects of the 2022 final foreign tax credit regulations—including the restrictive cost recovery and attribution requirements.

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Feature story

Failure to act now to restore immediate Research and Development expensing will increase the cost of innovation in the United States and slow economic growth for businesses of all sizes.

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