Page 20 - THE SOUTH CHINA BUSINESS JOURNAL
P. 20
C. TODAY
An Open Letter to the U.S.
Business Community:
How We Measure Success
By Suzanne P. Clark, President and CEO, U.S. Chamber of Commerce
The U.S. Chamber of Commerce tax, and imposed a tax increase across the country, and around the
measures our success by what on pass-through businesses. Our world, and the Chamber’s expertise
we deliver for you—our members. efforts also helped remove a litany and leadership across 300+
We believe in the power of the of regulations and new government priorities, like the businesses we
American business community to spending programs in the original represent, we deliver results.
improve lives, solve problems, and reconciliation effort that would have
strengthen society—and for 110 shifted our economy from the free Because of those results, we have
years we have helped you do it. market system we know today to a a retention rate of 93% among
government-knows-best approach. our largest members and are
So, as Congress adjourns for continually attracting others to
August recess, we wanted to take a This, of course, comes after the join us from across industries, with
moment to reflect on where things Chamber worked throughout 2021 significant growth in technology
stand in Washington—and share to leverage critical relationships and other emerging sectors.
how we plan to adapt, innovate, among Republicans and Democrats Importantly, about 90% of our
and grow alongside the businesses to separate the massive tax-and- members are small businesses
we represent. spend reconciliation effort from or state and local chambers of
the badly needed infrastructure commerce, the very fabric of
The Chamber takes a back seat bill—and to ensure that historic our communities.
to no one in its opposition to the bipartisan legislation became law
recent reconciliation package. In without a tax increase. Looking to the future, and building
addition to months of behind-the- on our continued success, we
scenes advocacy and campaigns And while we work collaboratively are focused on driving growth
in critical districts, we issued key where we can, we aren’t afraid and increasing our impact. Our
vote letters to members of both to fight back when we must to organization is in its strongest
the Senate and the House, and we challenge overreach and defend financial position in more than
continue to advocate against the the American business community a decade, and we are making
tax increases and government price at every turn, in every agency, investments for the future that
controls in the legislation that will with every tool at our disposal. will add new value to you, our
deter investment, inhibit innovation, Evidence of this fact, the Chamber members, new power to our
and undermine economic growth. is suing the FTC and SEC to rein advocacy, and new strength to
in rogue regulators and defend our influence.
While we didn’t achieve everything against excessive overreach at
we wanted, it is important to note those agencies. And we recently None of this is new. We are
that the legislation is dramatically released a campaign to defeat the committed to growth, innovation,
smaller than what was originally CFPB’s ideologically driven agenda and pursuing progress for our
proposed last year—and it to radically change the nature of members—and our nation. And
significantly reduces the tax America’s financial services industry. united behind our Shared Purpose,
increases on businesses. the North Star that guides our
That’s just a snapshot of some of mission, we will always know who
The Chamber worked with the ways we serve you. we are and what we stand for.
members of the House and Senate
to reject more than $2 trillion in From our Litigation Center’s success Business is the most trusted
harmful tax increases that have in the courts, including securing institution in society, outperforming
been removed from the current seven favorable decisions in 11 government across every issue
bill, including provisions that would decided cases before the U.S. measured and the reason is
have raised the corporate and Supreme Court during its most simple—business works. And
personal tax rates, taxed capital recent term, to our Institute for as the world’s largest business
gains at personal income rates, Legal Reform defending the rule of organization, so does the U.S.
established a global minimum law in Washington, in state capitals Chamber of Commerce.
17 AMCHAM SOUTH CHINA
An Open Letter to the U.S.
Business Community:
How We Measure Success
By Suzanne P. Clark, President and CEO, U.S. Chamber of Commerce
The U.S. Chamber of Commerce tax, and imposed a tax increase across the country, and around the
measures our success by what on pass-through businesses. Our world, and the Chamber’s expertise
we deliver for you—our members. efforts also helped remove a litany and leadership across 300+
We believe in the power of the of regulations and new government priorities, like the businesses we
American business community to spending programs in the original represent, we deliver results.
improve lives, solve problems, and reconciliation effort that would have
strengthen society—and for 110 shifted our economy from the free Because of those results, we have
years we have helped you do it. market system we know today to a a retention rate of 93% among
government-knows-best approach. our largest members and are
So, as Congress adjourns for continually attracting others to
August recess, we wanted to take a This, of course, comes after the join us from across industries, with
moment to reflect on where things Chamber worked throughout 2021 significant growth in technology
stand in Washington—and share to leverage critical relationships and other emerging sectors.
how we plan to adapt, innovate, among Republicans and Democrats Importantly, about 90% of our
and grow alongside the businesses to separate the massive tax-and- members are small businesses
we represent. spend reconciliation effort from or state and local chambers of
the badly needed infrastructure commerce, the very fabric of
The Chamber takes a back seat bill—and to ensure that historic our communities.
to no one in its opposition to the bipartisan legislation became law
recent reconciliation package. In without a tax increase. Looking to the future, and building
addition to months of behind-the- on our continued success, we
scenes advocacy and campaigns And while we work collaboratively are focused on driving growth
in critical districts, we issued key where we can, we aren’t afraid and increasing our impact. Our
vote letters to members of both to fight back when we must to organization is in its strongest
the Senate and the House, and we challenge overreach and defend financial position in more than
continue to advocate against the the American business community a decade, and we are making
tax increases and government price at every turn, in every agency, investments for the future that
controls in the legislation that will with every tool at our disposal. will add new value to you, our
deter investment, inhibit innovation, Evidence of this fact, the Chamber members, new power to our
and undermine economic growth. is suing the FTC and SEC to rein advocacy, and new strength to
in rogue regulators and defend our influence.
While we didn’t achieve everything against excessive overreach at
we wanted, it is important to note those agencies. And we recently None of this is new. We are
that the legislation is dramatically released a campaign to defeat the committed to growth, innovation,
smaller than what was originally CFPB’s ideologically driven agenda and pursuing progress for our
proposed last year—and it to radically change the nature of members—and our nation. And
significantly reduces the tax America’s financial services industry. united behind our Shared Purpose,
increases on businesses. the North Star that guides our
That’s just a snapshot of some of mission, we will always know who
The Chamber worked with the ways we serve you. we are and what we stand for.
members of the House and Senate
to reject more than $2 trillion in From our Litigation Center’s success Business is the most trusted
harmful tax increases that have in the courts, including securing institution in society, outperforming
been removed from the current seven favorable decisions in 11 government across every issue
bill, including provisions that would decided cases before the U.S. measured and the reason is
have raised the corporate and Supreme Court during its most simple—business works. And
personal tax rates, taxed capital recent term, to our Institute for as the world’s largest business
gains at personal income rates, Legal Reform defending the rule of organization, so does the U.S.
established a global minimum law in Washington, in state capitals Chamber of Commerce.
17 AMCHAM SOUTH CHINA
