Study: Stricter Interest Expense Limitations Cost Half Million U.S. Jobs

The National Association of Manufacturers reports that failing to reverse a stricter federal limit on deductions for interest on business loans will cost 467,000 jobs and $43.8 billion in GDP, according to new analysis.

This year, a stricter limitation based on a company’s earnings before interest and tax took effect — excluding depreciation and amortization from the calculation — thereby increasing the tax burden on manufacturers that make investments in capital equipment. 9/28/2022