Representative Philip English quoted in Morning Consult article on potential new tax reform
The article speaks specifically to the Better Way agenda item of removing the net interest deduction provision, allowing for full expensing for businesses. Proponents of the idea say that this will generate “broad economic growth.” However, not everyone supports this elimination, including private equity firms and banks. As a former U.S. Representative (R-PA) and former member of the House Ways and Means Committee, Rep. English weighed in, saying, “ Expensing not only benefits capital-intensive companies…It also demonstrably improves economic growth which is critical to making tax reform itself a win-win.” He also said this plan could earn Democratic support. To read the article in full, click here.
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