U.S. President Donald Trump delivers remarks on proposed changes to the U.S. tax code at the state fairgrounds in Indianapolis, Indiana, U.S. September 27, 2017. REUTERS/Jonathan Ernst - RC1602390C40
Unclear how interest-payment deduction would be capped
PE has relied on the deduction for years
Still plenty of runway for lobbyists to negotiate
The framework for tax reform put forward on Sept. 27 by President Donald Trump and Republican congressional leaders would limit the deductibility of interest payments on corporate debt. The interest-payment deduction has been vital to the success of the LBO ...