Krishnamoorthi, Bipartisan Group of Lawmakers Urge Senate to Take Up Taiwan Double-Tax Legislation in Letter
WASHINGTON, D.C. – Today, 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, led a bipartisan group of lawmakers in sending a letter to Senate Majority Leader John Thune, Senate Minority Leader Chuck Schumer, Senate Finance Committee Chairman Mike Crapo, and Senate Finance Committee Ranking Member Ron Wyden, requesting 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 and is a key step toward strengthening economic ties with Taiwan and reinforcing supply chain resilience in the face of mounting threats from the CCP.
The letter was co-signed by Reps. Judy Chu (D-CA), Adrian Smith (R-NE), Suzan DelBene (D-WA), Nicole Malliotakis (R-NY), and Greg Stanton (D-AZ).
“The CCP is working to erode ties between Taiwan and the U.S. to gain the upper hand in the Indo-Pacific region. This legislation will help stop that,” said Ranking Member Krishnamoorthi. “By removing outdated tax barriers, we’ll bring more Taiwanese investment into the United States, deepen our economic integration, and make both our nations more resilient to the CCP’s pressure. We hope that our Senate colleagues will swiftly take up this important legislation in the soonest legislative vehicle possible to help American workers, bolster our supply chains, and promote global stability.”
The legislation would relieve double taxation on U.S. and Taiwanese businesses and workers by removing barriers that currently prevent many Taiwanese firms—particularly small and midsize manufacturers critical to the semiconductor supply chain—from establishing operations in the United States. While large firms like TSMC have already begun building chip fabs in the U.S., key suppliers of industrial gases and chemicals often find it financially prohibitive to expand due to duplicate tax obligations. This bill would level the playing field and promote investment that boosts both economic and national security.
In addition to supporting domestic manufacturing, the legislation advances a broader strategic goal: reinforcing Taiwan’s economic resilience by linking it more deeply with the U.S. and global economy.
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.
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