“A pro-growth tax code directly impacts the potential for U.S. job creation, increased capital investment, and higher wages for workers. “The Restore American Investment Now” (RAIN) Coalition applaud Sen. Shelley Moore Capito (R-W.Va.) and Reps. Adrian Smith (R-NE), Joe Morelle (D-NY), Kevin Hern (R-OK), and Brad Schneider (D-IL) for introducing the American Investment in Mainstreet Manufacturing Act, recognizing the EBITDA standard’s vital role in lifting the American economy for everyone. Increasing the cap on deductible interest by reinstating the pre-2022 EBITDA standard is always important, but it has an even more critical role in this era of rising interest rates and economic uncertainty. The current lower EBIT standard means less expansion, lower wages, fewer jobs, and decreased capital investment that impacts all Americans. We thank these legislators for their leadership on this vital issue.”
– Michael O’Rielly
Michael O’Rielly is a former commissioner of the U.S. Federal Communications Commission (FCC) and the spokesman for the RAIN Coalition, whose goal is to permanently restore the EBITDA standard for interest deductibility to promote job growth and capital investment.