St. Charles Regional Chamber Joins Coalition Urging Congress to Make Tax Cuts Permanent
The St. Charles Regional Chamber has joined a national coalition led by the U.S. Chamber of Commerce to urge Congress to permanently extend the pro-growth tax provisions of the 2017 Tax Cuts and Jobs Act (TCJA). These reforms have played a vital role in supporting small businesses, spurring job creation, and driving long-term investment.
Why It Matters
The TCJA included key provisions that lowered individual, business, and estate taxes—freeing up capital for employers to reinvest in their operations and workforce. Many small businesses are structured as pass-through entities, meaning they pay taxes at individual income rates. The lower rates and increased deductions provided by the TCJA helped fuel expansion, innovation, and hiring.
Without Congressional action, these provisions will begin expiring at the end of 2025. If allowed to lapse, businesses could face a substantial tax hike and increased compliance costs, threatening their ability to grow and compete.
Economic Impact
Since the passage of the TCJA, the U.S. has experienced significant economic gains:
Small business optimism hit record highs.
Job creation increased and unemployment reached historic lows.
Wages rose, particularly for low- and middle-income workers.
Reversing these tax provisions would inject uncertainty into the economy and disproportionately affect small and mid-sized businesses that drive local growth and innovation.
Our Commitment
The St. Charles Regional Chamber is proud to stand with business organizations across the country in urging Congress to take action. We are committed to advocating for policies that ensure our members have the stability, resources, and tools they need to thrive.
Permanently extending the TCJA’s pro-growth provisions isn’t just sound policy—it’s an investment in the continued strength of our local and national economy.