The Restore American Investment Now Coalition today released the following statement on Senate passage of the One Big Beautiful Bill Act which permanently restores the EBITDA standard for interest deductibility:
WASHINGTON – The Restore American Investment Now (RAIN) Coalition today praised the U.S. Senate for passing legislation to permanently restore the EBITDA standard for interest deductibility.
“Permanently restoring the EBITDA standard for interest deductibility will enhance U.S. competitiveness, spur economic growth, support job creation, and raise wages, particularly in capital-intensive sectors such as manufacturing, infrastructure, and mining. These industries are vital to the American economy and have been disproportionately burdened by the current EBIT-based limitation. Reinstating EBITDA is a critical step toward strengthening domestic industry and advancing American economic leadership. We commend the Senate for their leadership on this issue and look forward to its full passage.
– Michael O’Rielly