Witnesses At Senate Finance Committee Hearing Emphasize The Harmful Effects Of Limiting Or Eliminating The Interest Deduction

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At today’s Senate Finance Committee Hearing titled “Business Tax Reform,” witnesses highlighted the importance of maintaining full interest deductibility for all American businesses. In the hearing, Real Estate Roundtable President & CEO Jeffrey DeBoer and American Institute of Certified Public Accountants Past Chair Troy Lewis provided insights about how the interest deduction works practically to..

BUILD Coalition Highlights Importance Of Interest Deductibility For Pro-Growth Tax Reform In Senate Finance Letter

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WASHINGTON (September 19, 2017) – Today, the BUILD Coalition submitted a letter to the Senate Finance Committee outlining the need to maintain full interest deductibility for all American businesses. The submission highlights how businesses of all sizes and across all sectors rely on the ability to deduct interest expense to access capital that is critical for..

BUILD Coalition Responds To Joint Statement On Tax Reform

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WASHINGTON (June 27, 2017) – With today’s announcement of principles for tax reform by White House officials and Congressional leaders, the BUILD Coalition released the following statement: “The BUILD Coalition appreciates the administration and Congressional leaders working closely to establish a sound foundation for tax reform in advance of the legislative process. Today’s announcement shows that they..

BUILD Coalition Emphasizes Need To Preserve Full Interest Deductibility In Letter To Senate Finance Committee

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WASHINGTON (July 6, 2017) – Today, the BUILD Coalition submitted a letter to the Senate Finance Committee outlining the need to preserve full interest deductibility for American businesses. The submission highlights how businesses of all sizes and across all sectors rely on the ability to deduct interest expense to access capital that is critical for growth and job..

BUILD Coalition Statement On Comments Regarding Industry Exceptions For Interest Deductibility

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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..

BUILD Coalition Letter To House Ways And Means: How Tax Reform Will Grow Our Economy And Create Jobs

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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..

BUILD Coalition Releases Statement On White House’s Tax Reform Principles

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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,..

Lawmakers Slam “Harebrained” Plan To Eliminate Interest Deductibility

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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,..

Moody’s Research Underscores Negative Impact Of Eliminating Interest Deductibility

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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..

Company Executives Identify The Next Big Tax Reform Fight: Interest Deductibility

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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)…