Four out of five small businesses use debt to finance at least some portion of the firm’s investments.
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Business United for Interest and Loan Deductibility
1. NEW TAX.
Limiting interest deductibility will affect all business from small to large. Businesses use debt to finance investments, manage day-to-day expenses, and grow their companies.
2. HIGHER COSTS.
A new tax targeting interest would harm the economy by raising costs on all businesses, which would reduce investment and growth in direct opposition to the goals of tax reform.
3.NOT REFORM.
Businesses United for Interest and Loan Deductibility wants real, comprehensive tax reform, but altering a core component of the tax code that has enabled companies to grow and create jobs going back 100 years is not real reform.
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