Trump tax framework targets interest deductibility

Donald Trump, Stephen Schwarzman, Blackstone Group, private equity, Charlottesville
  • 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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