WASHINGTON, March 26 -- Sen. John Cornyn issued the following news release:
U.S. Senator John Cornyn (R-TX) joined Senator Shelley Moore Capito (R-WV), along with Senators Marsha Blackburn (R-TN) and Jon Husted (R-OH), in introducing the Ensuring Better Interest Treatment and Deductibility (EBITDA) Act, which would restore globally competitive interest deductibility standards and unleash domestic investment for U.S.-headquartered companies:
"Thanks to the historic Working Families Tax Cuts Act championed by President Trump, Republicans delivered a number of pro-growth provisions for hardworking Americans, including increasing limits on interest deductibility so businesses can reinvest in their employees," said Sen. Cornyn. "This legislati...