Congress Passes Pro-Growth Tax Reform

WASHINGTON, D.C. — Following the passage of the One Big Beautiful Bill Act (H.R. 1) by both the House and Senate, U.S. Chamber of Commerce President and CEO Suzanne P. Clark issued a statement praising the legislation’s lasting, pro-growth tax reforms for American businesses and workers, as it heads to the president’s desk. 

Why it matters: The bill will prevent one of the largest tax increases in U.S. history, which would have occurred at the end of 2025 when major portions of the 2017 Tax Cuts and Jobs Act (TCJA) were set to expire. A stable, pro-growth tax code will foster an environment where businesses can invest, innovate, and grow, benefiting workers, families, and the broader economy.

“The final passage of the One Big Beautiful Bill Act is a landmark accomplishment. We applaud Congressional leaders for coming together to deliver meaningful, long-term tax relief for workers and businesses across the country. By laying the groundwork for sustained economic growth and enhancing America’s global competitiveness, this legislation provides businesses the certainty they need to invest long-term—driving productivity and raising wages for workers. 
“We commend the lawmakers who were instrumental in advancing this comprehensive legislation and look forward to its prompt enactment.”

​Source: U.S. Chamber of Commerce