{"database": "press", "table": "releases", "rows": [["https://www.young.senate.gov/newsroom/press-releases/young-colleagues-urge-senate-foreign-relations-committee-to-take-action-on-us-chile-tax-agreement/", "Young, Colleagues Urge Senate Foreign Relations Committee to Take Action on U.S.-Chile Tax Agreement", "2021-12-07", "2021", "2021-12", "Republican", "Senate", "IN", "Todd Young", "Y000064", "www.young.senate.gov", "toddyoung", "https://www.young.senate.gov/newsroom/press-releases/", "scraper", "WASHINGTON \u2013 U.S. Senator Todd Young (R-Ind.) joined a group of his Senate Republican colleagues in sending a letter to Senators Bob Menendez (D-N.J.) and Jim Risch (R-Idaho), Chairman and Ranking Member of the Senate Committee on Foreign Relations, urging them to prioritize the U.S.-Chile bilateral tax treaty by scheduling a committee vote on this important agreement.\n\nIn their letter, the senators noted that the U.S.-Chile bilateral tax treaty was negotiated between the U.S. and Chile in 2010, but the Senate has yet to give its consent to ratification.\n\n\u201cThe Treaty is vitally important to U.S. foreign direct investment in Chile,\u201d the senators wrote.\u201cWithout ratification of the Treaty, Chilean tax rates are due to increase on U.S. companies\u2019 Chilean operations and could reach a rate of 44.45 percent.\u201d\n\n\u201cFailure to ratify the treaty could significantly reduce investments by U.S. companies in Chile, weakening the U.S. economy,\u201d the senators continued in the letter.\n\nThe full text of the letter can be found here and below.\n\nDecember 7, 2021\n\nThe Honorable Robert Menendez\n\nChairman\n\nU.S. Senate Committee on Foreign Relations\n\n423 Dirksen Office Building\n\nWashington, D.C. 20510\n\nThe Honorable James Risch\n\nRanking Member\n\nU.S. Senate Committee on Foreign Relations\n\n423 Dirksen Senate Office Building\n\nWashington, D.C. 20510\n\nDear Chairman Menendez and Ranking Member Risch:\n\nWe urge you to prioritize the U.S.-Chile bilateral tax treaty this year by scheduling a committee vote on this important agreement.\n\nAs you know, the U.S.-Chile bilateral tax treaty was negotiated between the U.S. and Chile in 2010, but the Senate has yet to give its consent to ratification. The Treaty is vitally important to U.S. foreign direct investment in Chile. Without ratification of the Treaty, Chilean tax rates are due to increase on U.S. companies\u2019 Chilean operations and could reach a rate of 44.45 percent. By comparison, the Chilean operations of multinational companies headquartered in countries with treaties in force, such as China, Japan, Canada, Australia, and the United Kingdom, would continue to enjoy the current Chilean rate of 35 percent.\n\nFurther, the Treaty would benefit U.S. companies, and a growing number of Chilean companies who operate in a variety of sectors, and are eager to increase their investments in the U.S. These investments have the potential to create thousands of jobs. Failure to ratify the treaty could significantly reduce investments by U.S. companies in Chile and weaken the U.S. economy.\n\nIn order to strengthen the economy and protect U.S. company investments, we ask for your support to ensure the prompt ratification of the U.S.-Chile Tax Treaty. Thank you for your attention to this urgent matter and we look forward to working with you to ensure timely ratification.\n\nSincerely,", 1, "2026-03-30T01:40:41Z", "2026-04-06T20:37:48Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://www.young.senate.gov/newsroom/press-releases/young-colleagues-urge-senate-foreign-relations-committee-to-take-action-on-us-chile-tax-agreement/"], "units": {}, "query_ms": 1.710984855890274, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}