“Current tax treatment of business interest expense must be maintained.”
That was the message from The BUILD Coalition, a group of businesses that support maintaining the deductibility of interest on taxable income.
The group authored an opinion piece on the topic of interest deductibility, based on ACG’s Middle-Market Public Policy Summit in Washington, D.C., last week.
The event featured a range of policymakers discussing taxation and regulatory issues impacting private equity deals in the middle market.
“…by eliminating ID, as proposed in the Republican House Blueprint, Congress would be increasing the burden on companies by raising the cost of borrowing,” the article said.