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..
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..
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..
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..
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..
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,..
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,..
With the Affordable Care Act repeal and replace effort tabled for now, the White House and Congress say they are shifting focus to their next big project: tax reform. However, according to an Axios article this week, this might not be all they are considering. Rumor has it that plans for a massive infrastructure spending..
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..
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..