{"id":31101,"date":"2012-02-29T22:02:14","date_gmt":"2012-02-29T22:02:14","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/dealprofessor_u-s-_tax_code_encourages_corporations_to_take_on_debt\/"},"modified":"2012-02-29T22:02:14","modified_gmt":"2012-02-29T22:02:14","slug":"dealprofessor_u-s-_tax_code_encourages_corporations_to_take_on_debt","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=31101","title":{"rendered":"(DealProfessor) U.S. Tax Code Encourages Corporations to Take on Debt"},"content":{"rendered":"<p>Corporate America\u2019s love affair with debt is driven by a heavy subsidy, courtesy of the federal tax code. It\u2019s an unhealthy preference that the Obama administration is now reviewing.<\/p>\n<p>The problem arises because the interest that corporations pay on their debt is deductible on their federal taxes.<\/p>\n<p>To understand the effect of this deduction, imagine if you could deduct the interest you pay on your debt. I am not just talking about the deduction on your home mortgage. This would be a deduction for all of the interest paid on your credit card bills, auto loans and any other loans you had, including the one from Uncle Mikey&#8230;.<\/p>\n<p><a href=\"http:\/\/dealbook.nytimes.com\/2012\/02\/28\/for-corporations-u-s-tax-code-adds-to-debts-appeal\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Corporate America\u2019s love affair with debt is driven by a heavy subsidy, courtesy of the federal tax code. It\u2019s an unhealthy preference that the Obama administration is now reviewing. The problem arises because the interest that corporations pay on their<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=31101\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,589,149,168,587,584,34],"tags":[],"class_list":["post-31101","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-corporationscorporate-life","category-economy","category-ethics-moral-theology","category-taxes","category-the-u-s-government","category-theology"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/31101","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31101"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/31101\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}