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 MeansUnited States House1102 Longworth House Office Building Washington, D.C. 20515 The Honorable Richard NealRanking MemberCommittee on Ways and MeansUnited States House1102 Longworth House Office Building Washington, D.C. 20515 RE: Hearing On..

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..

BUILD Coalition Releases Statement On White House’s Tax Reform Principles

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WASHINGTON (April 26, 2017) – The BUILD Coalition issued the following statement on President Trump’s guidelines for tax reform released today. “The BUILD Coalition is encouraged by the just-released White House principles for tax reform, and strongly urges Congress to follow a similar path in its efforts. By prioritizing stronger business investment and economic growth,..

Lawmakers Slam “Harebrained” Plan To Eliminate Interest Deductibility

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The BUILD Coalition has long warned about the severe impact on businesses of all sizes and from all sectors if the business interest deduction (ID) is eliminated. Lawmakers’ growing concerns with the idea was apparent during a recent House Agriculture Committee hearing on tax reform. Credit financing plays a key role in agriculture—supporting daily operations,..

Moody’s Research Underscores Negative Impact Of Eliminating Interest Deductibility

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Last week, Moody’s Investors Service published a new report, “Debt And Taxes: Credit Implications Of New Tax Reform Proposals,” showing how the House GOP Blueprint’s proposal to eliminate interest deductibility would lead to an increase in cash taxes for most business. The loss of interest deductibility would be particularly punitive for speculative-grade rated companies, even..

Full Interest Deductibility Is Essential To A Pro-Growth Tax Code

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Border adjustability. Corporate integration. Lower rates. Simplification. As the tax reform debate continues to heat up, it’s easy to lose sight of the real objective amid all the different proposals and priorities. Most would agree we need to create smart, principled tax policy that helps unlock long-term growth in the American economy. While nothing is..