Resource Center

Weekly Update 2/19 & Tax Letter Reminder

February 24, 2025

Dear Southeast Chamber Friends – Thank you to all who have joined our tax coalition letter urging Congress to adopt a “current-policy baseline” and extend the 2017 Tax Cuts and Jobs Act (TCJA). How Congress calculates the baseline for its eventual tax bill will have a tremendous impact on how and how long the TCJA will be extended. Therefore, for those who have not yet joined the letter, please take a minute to review it and consider adding your chamber before the deadline this Friday. See Action Item below for more information and click here to read and sign the letter.

Action Item:

Tax Coalition Letter – Please consider adding your chamber to our coalition letter urging Congress to adopt a “current-policy baseline” and extend the 2017 Tax Cuts and Jobs Act (TCJA). As many of you are aware, a significant portion of the TCJA will expire at the end of the year. If this happens, individual tax rates will increase and businesses will lose many of the pro-growth tax deductions that have benefited them over the past six years. Perhaps the most important decision impacting how Congress will address extending the TCJA will be made during the initial budget resolution process: whether to adopt a “current-law” or “current-policy” baseline. Under a current-law baseline, preventing the scheduled expiration of key individual, business, and estate tax policies enacted in the 2017 Tax Cuts and Jobs Act (TCJA) would be considered to cost around $4 trillion over 10 years. A current-policy baseline, on the other hand, would recognize that merely avoiding a scheduled tax increase should not be counted as a new tax cut; only new tax policies or changes to current policy would be considered to have a budgetary impact. To learn more, click here to read a recent blog post explaining this in more detail. Click here to read and sign the letter. The deadline to sign is this Friday, February 21^st at 5:00 pm ET.

Upcoming Events:

February 25th – Embracing AI: Practical Steps for Chambers & Associations to Get Started – Join us for an interactive session where we explore a practical guide to getting started with AI, from identifying pain points to choosing beginner-friendly tools, gaining team buy-in, and focusing on measurable impact. Click here to register.

Talent Pipeline Management:

TPM Academy® Blended Learning Cohort – The U.S. Chamber of Commerce Foundation is excited to announce the launch of the next TPM Academy® Blended Learning cohort on March 4^th. Talent Pipeline Management® (TPM) is the U.S. Chamber of Commerce Foundation’s employer-led, performance-driven approach to build talent supply chains that meet the needs of students and workers, education and training providers, and employers. For basic information on TPM, here is a one-minute video and a link to FAQs. To learn more about the TPM Academy experience or share it with a friend, follow this link to a playlist of clips from a recent TPM Academy Interest Webinar. Finally, please follow this link to enroll or share with someone you think might be interested. And if you have any questions about TPM or the TPM Academy®, please email tpmsupport@uschamber.org.