S. 1688: Growing America’s Small Businesses and Manufacturing Act

S. 1688 is a federal bill in the 119th Congress. Before this bill, businesses faced a strict cap on how much loan interest they could deduct from their taxes, and that cap became stricter after 2022 because they could no longer factor in deductions for equipment wear and tear. Additionally, companies… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.