J.D. FOSTER Senior Vice President, Economic Policy Division, and Chief Economist Six years and ten. Over the last 60 years or so, the U.S. economy has been in the sweet spot for periods touching about six years. A sweet spot is a period in which we are at or near full employment, wages are rising, […]
Share this article Small businesses are pumped about the economy. The Q1 Metlife & U.S. Chamber of Commerce Small Business Index shows a surge in confidence, moving up more than three points to 66.3. It’s the biggest jump in the Index since it was launched in 2017. on Twitter View image on Twitter Optimism is on the […]
Original article from the Illinois Chamber of Commerce A proposal that the Chamber helped defeat last year has been reincarnated into another bill. HB 4293 (Rep. Welch) would impose a massive 400% tax increase on Illinois’ vital financial services. In today’s interconnected world, billions of dollars travel across the globe in less than seconds. Welch’s proposal would […]
Thursday night, the White House released immigration framework for a proposed DACA. Stephen Miller, President Trump’s senior policy advisory, shared this proposal with Republican caucus members on a conference call Thursday afternoon. Proposal is below. Main Pillars include (with details forthcoming on Monday) 1) 10 – 12 year path to citizenship for 1.8 million dreamers 2) Establish a $25 […]
The Internal Revenue Service today issued the 2018 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2018, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 54.5 cents for […]
In the early morning hours last Saturday, the U.S. Senate passed their version of pro-growth tax reform, the Tax Cuts and Jobs Act. Please take a look at how your Senator voted, and be sure to thank those who took a tough stand for tax reform. Similar to the House bill, the Senate’s package […]
THOMAS J. DONOHUE President and CEO, U.S. Chamber of Commerce November is National Entrepreneurship Month, a time for our country to honor those who drive innovation and encourage a new generation of enterprising Americans to take action on their ideas. At the U.S. Chamber of Commerce, we foster entrepreneurship by promoting policies that not only […]
The regulatory rollback continues in Washington, and the latest victories come not a moment too soon for many American businesses. Two actions by Environmental Protection Agency (EPA) Administrator Scott Pruitt will help rein in Obama-era environmental rules that had hovered ominously over key U.S. industries, such as energy, for far too long. The U.S. Chamber of Commerce applauded Administrator Pruitt’s […]
THOMAS J. DONOHUE President and CEO, U.S. Chamber of Commerce KEY TAKEAWAY After 31 years, now is the time to reform the tax code and drive our economy forward. This month marks the 31st anniversary of the last time Congress passed a major overhaul of the tax code. In the years since, however, our tax […]