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BUILD Statement In Response To Amendments From Senators Inhofe and Blunt

By | 2017-11-30T23:16:52+00:00 November 30th, 2017|News|

With the Senate currently debating the Tax Cuts and Jobs Act, BUILD Coalition spokesman Mac O'Brien issued the following statement: "The BUILD Coalition strongly supports the amendments introduced by Senators James Inhofe (R-OK) and Roy Blunt (R-MO) to alter the limitations on interest deductibility included in the Senate's Tax Cuts and Jobs Act. These amendments

BUILD Coalition Statement On The House Ways & Means Committee’s Tax Proposal

By | 2017-11-02T16:42:20+00:00 November 2nd, 2017|News|

With the release of tax legislation by the House Ways & Means Committee today, BUILD Coalition spokesman Mac O'Brien issued the following statement. "The BUILD Coalition has consistently opposed proposals to limit interest deductibility because tax reform should be pro-growth. "Placing a limitation on the deduction of interest expense—a normal cost of doing business—amounts to

Setting The Record Straight: Replacing Full Interest Deductibility With Immediate Expensing Is Not Pro-Growth

By | 2017-10-25T16:01:06+00:00 October 25th, 2017|Blog, Issue Briefs, News|

Proposals to limit the business interest deduction as part of tax reform are based on a number of misconceptions. Unfortunately, a recent report by the Heritage Foundation perpetuates two of these: the notion that full interest deductibility can be replaced by full and immediate expensing, and the myth that the current tax treatment of interest

BUILD Statement In Response To “Big Six” Tax Reform Release

By | 2017-09-27T16:49:52+00:00 September 27th, 2017|News|

With the release of the "Big Six" tax principles today, BUILD Coalition spokesman Mac O'Brien issued the following statement: "The BUILD Coalition opposes the proposal from the 'Big Six' to limit interest deductibility as part of tax reform. This action would effectively create a new tax on business investment, which runs counter to pro-growth tax

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

By | 2017-09-22T17:21:44+00:00 September 22nd, 2017|News|

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

By | 2017-09-27T16:48:28+00:00 September 19th, 2017|Blog, News|

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

Replacing ID With 100 Percent Expensing Is Bad Long-Term Economic Policy

By | 2017-08-08T17:04:38+00:00 August 8th, 2017|Blog, Writing|

The tax reform that Congress passes now will affect our economy for decades to come. The last time Congress passed tax reform was 36 years ago – more than a generation. So, lawmakers need to look beyond the next political cycle and seriously consider the long-term implications of the tax reform proposals they're evaluating. Unfortunately,

EY Study Shows Harmful Effects Of Limiting Interest Deductibility

By | 2017-08-02T17:22:47+00:00 August 2nd, 2017|Blog|

As lawmakers look for ways to finance a lower corporate tax rate, some are considering capping the deductibility of interest for businesses. This would be a mistake. Interest deductibility (ID) has been a staple of the modern U.S. tax code since its inception more than 100 years ago. Businesses large and small borrow to help

BUILD Coalition Responds To Joint Statement On Tax Reform

By | 2017-07-27T19:48:17+00:00 July 27th, 2017|News|

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

By | 2017-07-10T20:40:50+00:00 July 6th, 2017|Uncategorized|

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

By | 2017-07-10T20:40:45+00:00 July 6th, 2017|Blog, News|

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

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