BUILD Coalition Statement On Tax Day

wrote this on There are no comments

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..

BUILD Statement On House Ways And Means Hearing On Fundamental Tax Reform Proposals

wrote this on There are no comments

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..

BUILD Statement On Tax Policy Center’s Review Of Sen. Rubio’s Tax Plan

wrote this on There are no comments

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..

BUILD Statement On Rep. Nunes’ Tax Reform Proposal

wrote this on There are no comments

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..

BUILD Statement On Trump Tax Reform Proposal

wrote this on There are no comments

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..

BUILD Statement On Bush Tax Reform Proposal

wrote this on There are no comments

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..

Importance Of Interest Deductibility Highlighted In Key Tax Publication

wrote this on There are no comments

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,..

BUILD STATEMENT ON SENATE FINANCE WORKING GROUP REPORTS

wrote this on There are no comments

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..

Setting The Record Straight: The Economist’s “The Great Distortion” Misses The Mark

wrote this on There are no comments

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..