BUILD STATEMENT ON RUBIO-LEE TAX REFORM PROPOSAL

With Senator Marco Rubio (R-FL) and Senator Mike Lee (R-UT) releasing their tax reform proposal today, BUILD spokeswoman Sabrina Siddiqui issued the following statement:

“As lawmakers begin to release new proposals to fix our tax code, the BUILD Coalition reiterates its support for reform that boosts long-term economic growth, strengthens businesses of all sizes, and creates jobs. We are concerned that the Rubio-Lee proposal would eliminate interest deductibility, which has appropriately been a deduction since the start of the modern tax code. Maintaining full interest deductibility, an ordinary and necessary business expense, is essential to growth and should be fully maintained as part of reform efforts. We look forward to reviewing this proposal more closely and continuing to engage lawmakers and policy experts on pro-growth tax reform.”