GOP Tax Law Break to Benefit Manufacturers, Telecom: BGOV Tax

The Winners From GOP Law’s Interest Move

Cable and telecommunications providers like Charter Communications and drug manufacturers like AbbVie are poised to save millions of dollars a year through a provision in the GOP’s new tax-and-spending law that eases a cap on deducting business interest.

Industries standing to benefit most from the break include capital-intensive sectors like manufacturing and telecom, as well as those heavily reliant on intellectual property, such as pharmaceutical and technology companies. Private equity companies also will see tax savings because they frequently invest in companies with large interest costs.

Proponents of the eased limit say the ...