Congress, Administration Should Maintain the Business Interest Deduction
September 21, 2017
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.
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