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..
In a study conducted by the BUILD Coalition last week, we analyzed all public company earnings call transcripts since House Republicans released their Tax Reform Blueprint in June of 2016. The goal was to gain insight into how businesses are thinking about the potential impact of tax reform—especially the proposal to eliminate interest deductibility (ID)…
A March 1 POLITICO piece entitled “The Powerful Financial Reform Within The House GOP Tax Plan,” incorrectly describes interest deductibility (ID) as a tax provision that makes the economy riskier by encouraging debt financing. This is a simplistic view that mischaracterizes a fundamental feature of our economic system—one that has helped to drive growth in..
In its February 2 piece entitled “What If Interest Expenses Were No Longer Tax-Deductible?“, The Economist incorrectly describes interest deductibility (ID) as a tax break that makes the economy riskier by encouraging debt financing. This is a simplistic view that mischaracterizes a fundamental feature of our economic system—one that has helped to drive growth in the..
By Mac O’Brien, Spokesperson, BUILD Coalition In his December 20 piece entitled “The Tax Reform No One Is Discussing,” author Scott MacDonald employs a series of dubious assumptions and misleading examples in recommending the elimination of interest deductibility from the tax code. The truth is that such a reform would be anti-growth and harmful to..
Today, House Ways and Means Committee Chairman Kevin Brady authored an opinion piece that discusses the 30th anniversary of tax reform and points to the House Republican blueprint plan as a foundation for tax reform efforts moving forward. In response, BUILD Coalition spokesman Mac O’Brien issued the following statement: “We are pleased to read Chairman..
With the release of House Ways and Means Committee Chairman Rep. Kevin Brady’s tax reform blueprint coming today, BUILD Coalition spokesman Mac O’Brien issued the following statement: “We appreciate the efforts undertaken by Chairman Brady in preparing this serious document containing principles for tax reform. While we are disappointed that the Chairman is considering eliminating..
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..
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..
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..