June 25, 2025

Six Reasons for Senators to Pass the Reconciliation Bill

With major tax increases looming if Congress fails to act, here are six reasons why Senators should pass the budget reconciliation bill:

1. Locks in a competitive U.S. corporate tax rate, which will help businesses continue to invest, hire and grow in America.

2. Keeps the tax rate on U.S. companies’ international earnings globally competitive.

3. Restores immediate expensing for R&D investments — a long-standing policy that helped make America an innovation powerhouse.

4. Protects an incentive for businesses to keep intellectual property in the United States.

5. Reverses the phaseout of full expensing for investments in equipment, machinery and technology, which will unleash domestic business investment.

6. Restores a pro-investment interest deductibility standard.

It’s go time to extend and strengthen President Trump’s historic tax reform. Business Roundtable urges the Senate to pass the budget reconciliation bill.

For more information, visit brt.org/ExtendTCJA.

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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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