The State of Business in 2025 Is All Local

That’s what the U.S. Chamber of Commerce said in its annual State of American Business program. The Chamber wants Congress and the Administration to focus on rolling back excessive regulation, preserving the competitive tax provisions in the Tax Cuts and Jobs Act of 2017, and participating in the global economy. For example, “Tariffs can be a tool—for instance, to counter unfairly traded goods—those subsidized or dumped in our market,…[but] blanket tariffs would worsen the cost-of-living crisis, forcing Americans to pay even more for daily essentials like groceries, gas, furniture, appliances, and clothing…The bottom line is this: tariffs are a tax paid by Americans and their broad and indiscriminate use would stifle growth at the worst possible time.” #IdeaoftheDay