Support Sen Rand Paul Amendment to Preserve Floor Plan Deductibility in Senate Tax Reform Bill

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Support Sen Rand Paul Amendment to Preserve Floor Plan Deductibility in Senate Tax Reform Bill
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The Paul amendment would incorporate the House tax reform bill (H.R. 1) language, preserving the full deductibility of floor plan financing for a retailer of high-cost inventory such as vehicles, boats, farm equipment, etc., recognizing that limits on floor plan deductibility would disproportionately harm small businesses, particularly during an economic downturn.

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