Congress faces the expiration of several major tax policies at the end of 2025, raising the prospect of a massive tax hike
The U.S. Chamber of Commerce recently launched a seven-figure spending program in a variety of key swing states and battleground districts around the country that aims to educate voters about the election's implications for tax policy and where the candidates stand.
Election Day is looming two weeks away and the Chamber's push looks to inform voters about how the outcome of various races around the country will impact tax policy in 2025. A variety of tax policies impacting households and businesses are due to sunset at the end of next year, meaning Congress will be under pressure to negotiate new tax reforms to prevent automatic tax hikes from taking effect.
Ashlee Rich Stephenson, senior political strategist at the Chamber of Commerce, told FOX Business in an interview that it's "abundantly clear" that tax policy issues should be debated "when constituents and voters are hypersensitive and paying attention," so the group decided to launch its tax advocacy during election season.
"We think it's a pretty good time, especially when some folks will be making very critical decisions. In fact, whether or not to send some people back to Washington or maybe vote others out, will be really important to our members when it comes to the ultimate conversation on taxes right around the corner," she explained.
The Chamber's voter education push features ads thanking policymakers for supporting pro-growth tax policies for businesses and families and encouraging them to continue to do so. The group will be running such ads supporting 14 Republicans in House races as well as one Democrat, plus Sen. Ted Cruz, R-Texas.
It's also running contrast ads calling on Sen. Jon Tester, D-Mont., and two House Democrats to do more to protect the families, workers and businesses they represent from a potential tax hike.