Business Roundtable: The Push For Retroactive Elimination Of Corporate Deduction Limits

This move by the Business Roundtable included a compromise bill that has already been approved.

Others argue that this move by the Business Roundtable will undermine the purpose of the 2017 Act. (Photo: X.com)

All About The Business Roundtable

The Business Roundtable supported the 2017 federal tax act, which lowered the corporate tax rate.

The Business Roundtable is now pushing to delay limits on corporate deductions and is advocating for retroactive elimination of these limits.

This move by the Business Roundtable, included in a recent compromise bill, has passed in the House.

However, some argue that this retroactive removal of deduction limits pushed by the Business Roundtable is a giveaway to corporations and undermines the original purpose of the 2017 Act.

The compromise bill proposed by the Business Roundtable would cost $33 billion in lost tax revenues.

The limits being targeted in the Business Roundtable’s move include deductions for interest and research expenditures.

According to a published article by SmartNews, removing these limits may benefit highly leveraged companies, but may not help startups.

Business Roundtable’s Chairman

In a published article by Accenture, William D. Green, chairman and CEO of Accenture, has been named chairman of Business Roundtable’s Education & Workforce Task Force.

He will focus on ensuring American students and workers have the skills needed for success in the global economy.

Green’s leadership will help strengthen education and workforce policies, with a focus on lifelong learning and U.S. competitiveness.

Green has a long history of dedication to education and competitiveness and sees high performance as beginning and ending with education.

He plans to work closely with Roundtable companies and policymakers to foster a talented workforce.

Green has been with Accenture for over 30 years, holding various executive positions within the company.

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