BUILD STATEMENT ON TRUMP TAX REFORM PROPOSAL

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 seek to limit the deductibility of business interest expenses will not ‘make America great again.’ In fact, they run directly counter to the stated goals of tax reform and fail to encourage long-term growth, create jobs, and strengthen businesses throughout the economy. While we are encouraged that Presidential candidates want to reform the tax code, maintaining full interest deductibility, a normal cost of doing business, is imperative to ensuring these reforms will be successful.”