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The US Chamber of Commerce measures our success by what we deliver you– Our members. We believe in the power of America’s business community to improve lives, solve problems and strengthen communities – and for 110 years, we’ve helped you do it.
So, as Congress adjourns for August, we want to take a moment to reflect on where things stand in Washington and share how we plan to adapt, innovate and grow with the businesses we represent.
The House will not take a backseat to anyone’s opposition to the reconciliation bill that recently passed through Congress. In addition to months of behind-the-scenes advocacy and campaigning in critical districts, we’ve delivered key ballot letters to both the Senate and the House, and we continue to advocate against the bill’s tax hikes and government price controls. It discourages investment, stifles innovation, and stifles economic growth.
While we didn’t get everything we wanted, it’s important to note that the legislation passed by Congress is significantly lower than what was proposed last year, and that it will significantly reduce the tax increase on business.
Working with members of the House and Senate, the House rejected more than $2 trillion in harmful tax hikes, lowered corporate and personal tax rates, taxed capital gains on personal income, established a global minimum tax, and increased taxes on pass-through businesses. Our efforts helped eliminate many regulations and government spending programs in the first reconciliation effort that could have moved our economy from the free market system we know today to a government one.
This is indeed the council in 2010. He is using the critical relationship between Republicans and Democrats in 2021 to separate the biggest tax-and-spending reconciliation effort from needed infrastructure legislation and ensure that the historic bipartisan bill is no tax bill. Increase.
And while we’re working collaboratively where we can, we’re not afraid to challenge overlap and fight back when we need to defend America’s business community in every direction, in every agency, with every tool we have. As evidence of this fact, the House is suing the FTC and the SEC in an effort to regulate criminals and prevent overreach by those agencies. And we launched a campaign to defeat the CFPB’s ideologically driven agenda to radically change the nature of America’s financial services industry.
That’s just a snapshot of some of the ways we can serve you.
From our Litigation Center’s success in the courts, including seven favorable decisions in 11 recent cases decided by the US Supreme Court, our Law Reform Institute maintains the rule of law in Washington in capitals across the nation, and around the world, and provides the Chamber’s expertise and leadership in 300+ priority cases. Like the businesses we represent, we deliver results.
As a result of those results, we have a 93% retention rate among our senior members and are continually attracting others to join us from across industries, in technology and other emerging sectors. Importantly, 90% of our members are small businesses or state and local chambers of commerce, an integral part of our community.
We focus on driving growth and increasing impact by looking to the future and building on our continued success. In the year By 2020, the Chamber’s total revenue has grown to $250 million – and last year, this figure rose to $260 million. Our firm has been on strong financial footing for more than a decade, investing in the future to add new value to you, our members, new power to our advocates, and new strength to our influence.
None of this is new. As the businesses we represent, we are committed to the growth, innovation and development of our members and our country. And united behind our common purpose, the North Star that guides our mission, we always know who we are and what we stand for.
Business is the most trusted institution in society, superior to the government in all measurable aspects and the reason is simple – business operations. And as the world’s largest business organization, so is the American Chamber of Commerce.
About the authors
Susan P. Clark
President and CEO, American Chamber of Commerce
US Chamber of Commerce President and CEO Susan Clark leads strategy, government relations and market innovation to support member companies and businesses.
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