Witnesses At Senate Finance Committee Hearing Emphasize The Harmful Effects Of Limiting Or Eliminating The Interest Deduction

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At today’s Senate Finance Committee Hearing titled “Business Tax Reform,” witnesses highlighted the importance of maintaining full interest deductibility for all American businesses. In the hearing, Real Estate Roundtable President & CEO Jeffrey DeBoer and American Institute of Certified Public Accountants Past Chair Troy Lewis provided insights about how the interest deduction works practically to..

BUILD Coalition Highlights Importance Of Interest Deductibility For Pro-Growth Tax Reform In Senate Finance Letter

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WASHINGTON (September 19, 2017) – Today, the BUILD Coalition submitted a letter to the Senate Finance Committee outlining the need to maintain full interest deductibility for all American businesses. The submission highlights how businesses of all sizes and across all sectors rely on the ability to deduct interest expense to access capital that is critical for..

BUILD Coalition Responds To Joint Statement On Tax Reform

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WASHINGTON (June 27, 2017) – With today’s announcement of principles for tax reform by White House officials and Congressional leaders, the BUILD Coalition released the following statement: “The BUILD Coalition appreciates the administration and Congressional leaders working closely to establish a sound foundation for tax reform in advance of the legislative process. Today’s announcement shows that they..

BUILD Coalition Emphasizes Need To Preserve Full Interest Deductibility In Letter To Senate Finance Committee

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WASHINGTON (July 6, 2017) – Today, the BUILD Coalition submitted a letter to the Senate Finance Committee outlining the need to preserve full interest deductibility for American businesses. The submission highlights how businesses of all sizes and across all sectors rely on the ability to deduct interest expense to access capital that is critical for..

BUILD Coalition Emphasizes Need To Preserve Full Interest Deductibility In Letter To Senate Finance Committee

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WASHINGTON (July 6, 2017) – Today, the BUILD Coalition submitted a letter to the Senate Finance Committee outlining the need to preserve full interest deductibility for American businesses. The submission highlights how businesses of all sizes and across all sectors rely on the ability to deduct interest expense to access capital that is critical for growth and job..

Responding To Claims Against The Tax Treatment Of Debt Financing

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A recent American Action Forum piece advocates for eliminating interest deductibility, citing the differing tax treatment of debt and equity financing as the impetus for such a policy change. The authors argue that interest deductibility results in a “subsidy” for debt-financed investment when compared to equity-financed investment. However, this approach fails to account for the non-tax reasons..

Interest Deductibility By Sector

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Interest deductibility plays an important role across many sectors. For example, manufacturing uses interest deductibility to open a new plant, fill a large order, or purchase new plants and equipment. The healthcare industry uses interest deductibility to fund innovation and develop new, life-saving technologies. Even four out of five small businesses use debt financing and interest..