ELFA president and CEO Leigh Lytle was recently featured in Bloomberg News discussing the critical importance of full business interest deductibility for the $1 trillion equipment finance industry and the broader U.S. economy. ? ELFA is championing the right policy for today, ensuring businesses can once again unlock massive savings, drive investment, and power economic prosperity. As Leigh comments in the article, full deductibility on all interest payments “is good for American business.”?
Great to speak with Dawn Lim at Bloomberg News on the importance of restoring full deductibility of business interest for U.S. businesses. ? Full deductibility of interest is a policy that fueled American growth for over 100 years until the Tax Cuts and Jobs Act. Today, companies are limited in their ability to deduct interest incurred while doing business based on complex calculations.? ? The result? U.S. businesses face higher capital costs to finance equipment and make the long-term capital investments they need to operate and grow.?As part of the tax deliberations this year, Congress should return to this tried-and-true policy. ? https://lnkd.in/g64nscED Equipment Leasing and Finance Association ?