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 the U.S. economy.
MacDonald’s arguments are based on an anecdotal assumption that the current tax code encourages irresponsible levels of debt, but research indicates that this is more perception than reality.
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