Author: BuildCoalition

With the release of House Ways and Means Committee Chairman Rep. Kevin Brady’s tax reform blueprint coming today, BUILD Coalition spokesman Mac O’Brien issued the following statement: “We appreciate the efforts undertaken by Chairman Brady in preparing this serious document containing principles for tax reform. While we are disappointed that the Chairman is considering eliminating…

Dr. Rebel Cole, Professor of Finance at DePaul University’s Driehaus College of Business, has issued the following statement in response to an article in The Economist entitled “The Great Distortion:” The Economist‘s piece misses the key point that allowing firms to deduct interest payments enables firms to raise capital needed for new investments. Limiting interest deductibility, even…

In the most recent edition of Tax Notes, Dr. Rebel Cole, Professor of Finance at DePaul University, argued, “As we continue to lay the groundwork for tax reform, understanding the need for maintaining full interest deductibility is essential to the creation of a simpler, fairer, growth-inspiring tax code.” The full article, entitled “Keep Business Interest Deduction, Finance…

Interest deductibility is a component of the tax code that has helped businesses of all sizes use debt to finance investments. Typically, we think of large companies using debt. This is certainly true especially amongst firms with large capital-intensive investment needs. Businesses in the manufacturing, transportation, and construction industries have large capital needs and therefore,…

With the release of Presidential candidate Donald Trump’s tax reform proposal, the BUILD Coalition has issued the following statement: “We are disappointed to see that Mr. Trump’s tax plan calls for a cap on interest deductibility, a proven growth-inspiring provision that is a fixture of the modern tax code,” said BUILD spokeswoman Sabrina Siddiqui. “Plans that…

With Rep. Devin Nunes unveiling his business tax reform proposal today, the BUILD Coalition released the following statement: “While the BUILD Coalition remains supportive of legislative efforts to reform the U.S. tax code in ways that encourage economic growth, Rep. Nunes’ plan falls short of achieving this most-important goal by eliminating the ability to deduct…

On tax day, BUILD Coalition spokesperson Russ Grote released the following statement: “Today, American businesses are yet again finishing a complex and burdensome process to pay their taxes. As policymakers continue to debate the future of our tax code, the BUILD Coalition reiterates its continued support for the goals of tax reform. Reform has the…

Yesterday, the Tax Policy Center released its review of Sen. Rubio’s tax plan. In response, BUILD Coalition spokesman Mac O’Brien issued the following statement: “The Tax Policy Center has joined a growing list of tax experts who are alarmed by presidential candidates’ proposals to remove the ability for businesses to deduct interest expenses. “In explaining…

With today’s House Ways and Means Tax Policy Subcommittee hearing on tax proposals focusing on cash-flow and consumption-based approaches to taxation, BUILD Coalition spokesman Mac O’Brien released the following statement: “The BUILD Coalition supports legislative efforts to revamp the U.S. tax code so as to promote economic growth and investment. However, in order to achieve…

In “Why Businesses Use Debt And How Debt Benefits Businesses,” Dr. Rebel Cole, Professor of Finance at DePaul University, argues that “debt enables a company to grow and expand its operations to increase production in a growing market.” He provides an overview of the reasons why a business uses debt to finance a portion of…