Welcome to the BUILD Coalition, Businesses United for Interest and Loan Deductibility. We are a collection of small to large businesses across all sectors of the economy united for interest deductibility.
This issue impacts all businesses looking to invest and grow or simply manage day-to-day operations. Given its centrality to everyday business, interest on debt has been 100 percent tax deductible for over 100 years. Yet, recently there have been calls for a new tax on interest that would significantly harm the economy, reduce jobs, and threaten the long-term prosperity of the United States.
Therefore, businesses have come together to form the BUILD Coalition to advocate against new taxes on interest. We want comprehensive tax reform, but limiting interest deductibility is not real reform. Over the coming months, we will highlight research and real stories from business owners in all sectors of the economy. Sign up for our newsletter, follow us on Twitter, and please join us in standing up for the full preservation of interest deductibility.