Congress, Administration Should Maintain the Business Interest Deduction

On Sept. 20, AED’s President & CEO Brian P. McGuire delivered a letter to Capitol Hill urging Congress to maintain the business interest deduction in comprehensive tax reform to ensure smaller-medium-sized companies can invest and compete.  “Preventing companies from deducting business interest (or even restricting it to select companies based on size or revenue) will have a significant negative impact on capital intensive industries, such as construction equipment distributors,” McGuire wrote.  To read the full letter, click here.