Companies Lobby Against Democrats' Interest-Deduction Limits

[WSJ.com: US Business]

Companies Lobby Against Democrats' Interest-Deduction Limits Major U.S. companies have opposed a proposal tightening limits on the amount of interest expense that multinational companies can deduct from their U.S. taxes each year, based on where they record profits. Major U.S. companies have opposed a proposal tightening limits on the amount of interest expense that multinational companies can deduct from their U.S. taxes each year, based on where they record profits.