With today being the last day for most Americans to file their taxes, BUILD Coalition spokesman Mac O’Brien released the following statement: “For many businesses, both large and small, tax day is met with anguish. Today, we are reminded of the need for a tax code that is less complex and encourages investment in our..
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..
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 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..
With the formal announcement that Representative Kevin Brady is now the Chairman of the House Ways and Means Committee, the BUILD Coalition has released the following statement: “The BUILD Coalition welcomes Representative Kevin Brady as the new Chairman of the House Ways and Means Committee, and we look forward to working with him and others..
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 former Governor Jeb Bush (R-FL) releasing his tax reform proposal today, the BUILD Coalition has issued the following statement: “As presidential candidates come out with proposals aimed at updating our tax code, the BUILD Coalition remains supportive of reform efforts that will foster long-term growth, create jobs, and strengthen businesses in every sector of the..
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,..
The BUILD Coalition’s Sabrina Siddiqui released the following statement in reaction to release of the Senate Finance Committee Tax Reform Working Groups’ reports: “The BUILD Coalition supports continued progress to enact tax reform that would boost growth and create jobs. It is noteworthy the report acknowledges that many ‘economists – and many in the business community – have..
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..