Steven Bank Speaks to Fox Business on History of Corporate Tax Deduction for Interest

Professor Steven Bank spoke with Fox Business, addressing how the Republican tax plan poses a risk to the U.S. bond market. As White House officials and top House Republicans plan to scale back tax deductions on corporate interest, risking more borrowing overseas, the competitive advantage of the mammoth U.S. bond market will erode—according to experts. Bank explained the history of the corporate tax deduction for interest, which was known as a “capped” deduction in the early years.

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