Rep. Chu Co-Leads Bipartisan Letter Urging Senate to Take up Taiwan Double Tax Relief Bill

WASHINGTON, D.C. - Today, Rep. Judy Chu (D-CA) joined Congressman Raja Krishnamoorthi (D-IL), Ranking Member of the House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party, in leading a bipartisan letter to Senate leaders urging them to promptly consider the United States-Taiwan Expedited Double-Tax Relief Act. This legislation would eliminate burdensome double taxation between the United States and Taiwan, which is one of our largest and most important trading partners, and is a key step toward strengthening our economic partnership. Rep. Chu has long advocated for this legislation as a member of the Ways and Means Committee.

The letter was signed by Reps. Judy Chu (D-CA), Raja Krishnamoorthi (D-IL), Adrian Smith (R-NE), Suzan DelBene (D-WA), Nicole Malliotakis (R-NY), and Greg Stanton (D-AZ).

"The United States-Taiwan Expedited Double-Tax Relief Act is essential to U.S. economic and national security interests and would have immediate, tangible benefits in fostering U.S.- Taiwan commerce and mitigate double taxation imposed on multinational businesses, investors, and workers. By removing double taxation with Taiwan, we can unlock new investment into the United States-especially from Taiwan's world-class advanced manufacturing sector," wrote the Members.

This bill passed the House with overwhelming bipartisan support in both the 118th and 119th Congresses. Lawmakers are now urging swift Senate action to ensure the bill becomes law without delay.

The letter can be found here.