March 25, 2025

A Competitive Tax System for U.S. Companies Fuels Investment and Innovation in America
The 2017 Tax Cuts and Jobs Act (TCJA) spurred strong U.S. economic growth and American innovation. By creating a more competitive tax system for U.S. businesses, TCJA incentivized companies to invest, grow and innovate at home, helping to spur: 
  • A 20% increase in domestic business investment, including in workers, equipment, patents and technology;
  • The return of $2.5 trillion in international earnings to the U.S.
  • A 3% GDP growth in the year following enactment of TCJA;
  • The creation of 500,000+ new U.S. jobs due to increased domestic activity by U.S.-based multinational companies; and
  • A 5% increase in real wages in the first two years after TCJA.
Business Roundtable urges Congress to extend and strengthen TCJA, which will help ensure U.S. companies can continue to invest in American workers and innovation.
For more information, visit brt.org/ExtendTCJA.
Additional Resources: 
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Business Roundtable is an association of more than 200 chief executive officers (CEOs) of America’s leading companies, representing every sector of the U.S. economy. Business Roundtable CEOs lead U.S.-based companies that support one in four American jobs and almost a quarter of U.S. GDP. Through CEO-led policy committees, Business Roundtable members develop and advocate directly for policies to promote a thriving U.S. economy and expanded opportunity for all Americans.

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