Chamber of Commerce wades into election season by spotlighting risk of 2025 tax hikes

Published On Oct 21, 2024, 4:27 PM

The U.S. Chamber of Commerce is actively campaigning in key swing states ahead of the upcoming elections, emphasizing the potential tax hikes projected for 2025. Several significant tax policies are set to expire at the end of 2025, which could result in a $4.5 trillion automatic tax increase affecting both households and businesses. The Chamber's initiative includes advertisements supporting candidates who favor pro-growth tax policies and opposing those who could contribute to tax hikes. The urgency of this campaign reflects the uncertainty that businesses face regarding future tax regulations and the economic growth they underpin.