S. 4221: Ensuring Better Interest Treatment and Deductibility Act (EBITDA)

S. 4221 is a federal bill in the 119th Congress. Before this bill, businesses faced stricter limits on how much loan interest they could deduct from their taxes because a recent law changed the definition of income used for this calculation. Under this bill, those stricter limits are removed, allowing… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.