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SMCC Joins National Effort by U.S. Chamber of Commerce to Extend Tax Reforms
Advocating for Pro-Growth Tax Policies to Strengthen Michigan Businesses
The Southeast Michigan Chamber of Commerce (SMCC) is dedicated to fostering a pro-business environment that supports economic growth and job creation. As part of this commitment, we proudly joined nearly 500 state and local chambers of commerce and national trade groups in signing a coalition letter led by the U.S. Chamber of Commerce, urging Congress to extend the pro-growth tax provisions of the 2017 Tax Cuts and Jobs Act (TCJA).
Why does this matter? Without an extension, businesses across the country—including many in Michigan—could face a $4 trillion tax increase, disrupting operations, limiting expansion, and discouraging investment. By advocating for a current-policy baseline in the federal budget resolution, we are working to ensure businesses have the certainty and stability they need to hire more employees, invest in innovation, and strengthen our local economy.
Extending the TCJA reforms is particularly vital for small and mid-sized businesses, which drive the majority of job growth in our region. Many companies have expanded significantly since 2017, and maintaining a competitive tax structure ensures that growth continues. A tax code that incentivizes investment helps Michigan businesses stay competitive, scale their operations, and create lasting economic prosperity.
As the legislative process moves forward, SMCC will continue to stand alongside business leaders and policymakers to advocate for tax policies that encourage long-term investment and economic success. By engaging directly with decision-makers, we are ensuring that our members’ voices are heard in Washington.
Please read the U.S. Chamber of Commerce letter to Congress:
To Members of the United States Congress:
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The undersigned organizations support extending pro-growth tax policies that have raised workers’ wages, helped families weather inflation, and led to more well-paying jobs. The individual, business, and estate tax provisions of the 2017 Tax Cuts and Jobs Act (“TCJA”) have been instrumental in helping achieve these goals and should be made permanent.
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As lawmakers contemplate advancing tax reform legislation through budget reconciliation this year, the importance of adopting the appropriate budget baseline cannot be overstated. We believe it is imperative that Congress adopt a current-policy baseline.
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Adopting a current-policy baseline would avoid a $4 trillion dollar tax increase on American families and employers by creating a pathway for Congress to make the TCJA permanent. Doing so would provide businesses the certainty and stability they need to make the long-term investments that drive growth, accelerate productivity, and increase prosperity across all segments of the economy.
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Adopting a current-policy baseline would give lawmakers a real chance to deliver permanent tax relief for American families and employers and would not increase the deficit relative to current policy.
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History shows that thoughtful tax policy can drive economic growth while improving fiscal responsibility. Lawmakers have the tool in hand to do both, and now is the time to use it.
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Sincerely,
U.S. Chamber of Commerce