Chamber to intensify tax reform efforts

The U.S. Chamber of Commerce is intensifying its efforts to push policymakers toward tax reform with a new ad campaign, the business lobby announced Thursday.

The Chamber says Fair Reform for Growth will be a multimillion-dollar campaign that will urge both voters and elected officials to back a rewrite of the tax code.  

“Faced with the highest statutory tax rate of any major country, American employers must do everything they can to stay competitive in the global marketplace and keep their employees working,” said Bruce Josten, the Chamber’s executive vice president for government affairs. “Comprehensive tax reform is essential to ensure continued success for middle-class families and businesses across the country, and this campaign will keep this issue top of mind for policymakers and voters.”

The Chamber’s announcement gave few details about the campaign, which includes a petition for those wanting to lobby the White House and Congress on tax reform.

The campaign also hasn’t spelled out many details about what it would like to see in an overhauled tax code, though Thursday’s announcement did bash attempts by Democrats to retroactively target companies that shift their legal address abroad.

Congressional efforts to reform the tax code have been stalled for months, despite the best efforts of House Ways and Means Committee Chairman Dave Camp (R-Mich.), who released a comprehensive revamp of the code early this year.

Other top tax writers — House Budget Committee Chairman Paul Ryan (R-Wis.), Senate Finance Committee Chairman Ron Wyden (D-Ore.) and ranking member of the Senate Committee on Finance Sen. Orrin Hatch (R-Utah) — also say that tax reform is a top priority, but the two parties remain at loggerheads over issues such as whether the U.S. should raise more revenue.