News

All Articles

Lawmakers Slam “Harebrained” Plan To Eliminate Interest Deductibility

By | 2017-09-05T18:54:04+00:00 April 6th, 2017|News|

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

By | 2017-03-22T17:17:10+00:00 March 22nd, 2017|Blog, Issue Briefs, News|

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

By | 2017-03-06T21:50:37+00:00 March 6th, 2017|Blog, Issue Briefs, News|

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).

Setting The Record Straight: Debt Financing Plays Critical Role In Business Growth And Economic Stability

By | 2017-03-01T17:35:31+00:00 March 1st, 2017|Blog, Issue Briefs, News|

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

Setting The Record Straight On Interest Deductibility In The Economist

By | 2017-02-03T17:41:08+00:00 February 3rd, 2017|Blog, Issue Briefs, News|

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

Newsmax: The Tax Reform No One Is Discussing: Opposing View

By | 2017-03-01T19:09:52+00:00 January 4th, 2017|Issue Briefs, News|

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

BUILD Coalition Statement In Response To Chairman Brady’s Opinion Piece On Tax Reform

By | 2016-10-20T21:06:58+00:00 October 20th, 2016|News|

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

BUILD Coalition Statement In Response To Release Of House Tax Plan

By | 2016-06-27T16:02:53+00:00 June 27th, 2016|News|

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

BUILD Coalition Statement On Tax Day

By | 2016-04-18T19:59:27+00:00 April 18th, 2016|News|

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

BUILD Statement On House Ways And Means Hearing On Fundamental Tax Reform Proposals

By | 2016-03-22T17:03:46+00:00 March 22nd, 2016|News|

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

BUILD Statement On Tax Policy Center’s Review Of Sen. Rubio’s Tax Plan

By | 2016-02-12T16:23:47+00:00 February 12th, 2016|News|

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

BUILD Statement On Rep. Nunes’ Tax Reform Proposal

By | 2016-01-14T00:12:41+00:00 January 14th, 2016|News|

With Rep. Devin Nunes unveiling his business tax reform proposal today, the BUILD Coalition released the following statement: "While the BUILD Coalition remains supportive of legislative efforts to reform the U.S. tax code in ways that encourage economic growth, Rep. Nunes' plan falls short of achieving this most-important goal by eliminating the ability to deduct

Load More Posts