Trump tax framework targets interest deductibility


Donald Trump, Stephen Schwarzman, Blackstone Group, private equity, Charlottesville
U.S. President Donald Trump answers questions about his response to the violence, injuries and deaths at the "Unite the Right" rally in Charlottesville as he talks to the media in the lobby of Trump Tower in Manhattan, New York, U.S., August 15, 2017. REUTERS/Kevin Lamarque TPX IMAGES OF THE DAY - RTS1BXVI
  • The plan would partially eliminate interest deductibility
  • Corporate tax rate falls to 20 pct
  • Plan includes full expensing of major capital expenditures
The framework of President Donald Trump’s plan for tax reform would eliminate at least some of the ability of companies to deduct interest payments, according to a copy obtained by Buyouts. The deductibility of interest is considered vital to the ...

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