Interest deductibility plays an important role across many sectors. For example, manufacturing uses interest deductibility to open a new plant, fill a large order, or purchase new plants and equipment. The healthcare industry uses interest deductibility to fund innovation and develop new, life-saving technologies. Even four out of five small businesses use debt financing and interest..
See below for BUILD’s latest infographic that details the role of credit in helping seasonal and non-seasonal businesses manage cash flow challenges, such as meeting payroll or paying suppliers on time. Using debt financing to help manage cash flow is a normal business operation. As a cost of doing business, interest on credit has been..
View infographic here. The BUILD Coalition is happy to see momentum behind tax reform continue to grow in Memphis today with Rep. Dave Camp and Sen. Max Baucus’ road show. The U.S. and Memphis metro area need pro-growth reform. In 2011, the Memphis area economy only grew 0.1 percent and, according to most recent data,..
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All data via the EY study: Macroeconomic analysis of a revenue-neutral reduction in the corporate income tax rate financed by an across-the-board limitation on corporate interest expenses, July 2013. To view all 50 states as a single page, please click here. To view an individual state, please use the relevant link below. Alabama Alaska Arizona..