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..

BUILD Coalition Statement On Comments Regarding Industry Exceptions For Interest Deductibility

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WASHINGTON (June 13, 2017) – In response to House Ways and Means Chairman Kevin Brady’s (R-TX) comments on allowing certain industries to retain interest deductibility, the BUILD Coalition released the following statement: “When lawmakers set out to reform the tax code, their stated goals were economic growth and simplification. Proposals that eliminate interest deductibility for some..

As The Focus Returns To Infrastructure This Week, It’s Worth Revisiting Interest Deductibility’s Role In Spurring Investment

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This week, President Trump is engaging with executives, mayors, and community leaders to discuss America’s much-needed investment in roads, railways, waterways, and other major infrastructure projects. With over $4.6 trillion needed by 2022 just to get our infrastructure to a “B Grade,” President Trump’s proposed $1 trillion plan is an important first step. As we..

BUILD Coalition Letter To House Ways And Means: How Tax Reform Will Grow Our Economy And Create Jobs

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Click here for the full BUILD letter to the House Ways & Means Committee. May 17, 2017 The Honorable Kevin BradyChairmanCommittee on Ways and Means United States House 1102 Longworth House Office Building Washington, D.C. 20515 The Honorable Richard NealRanking MemberCommittee on Ways and Means United States House 1102 Longworth House Office Building Washington, D.C…

Policy Thinkers Cannot Ignore The Practical Implications Of Tax Reform Proposals For Businesses

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The following is an open letter by the BUILD Coalition on behalf of its members: The BUILD Coalition stands for Businesses United for Interest and Loan Deductibility. Our members represent industries throughout the economy, including agriculture, manufacturing, retail, and telecommunications. The coalition is committed to pro-growth tax reform. As we know from our experiences on..

To Secure America’s Economic Future, Lawmakers Must Recognize The Importance Of Interest Deductibility

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As House Ways and Means Committee Republicans enter the second day of their two-day retreat to discuss how to align their tax plan with the White House’s principles, they must remember the role interest deductibility (ID) plays in facilitating business growth. The stated goal of the tax reform effort is to foster stronger business investment..