Today, U.S. Rep. Ron Estes (R-Kan.) introduced the Ensuring Better Interest Treatment and Deductibility (EBITDA) Act.
Work to restore globally competitive interest deductibility standards for U.S. companies by advancing the EBITDA Act.
Occurrences
Today, U.S. Rep. Ron Estes (R-Kan.) introduced the Ensuring Better Interest Treatment and Deductibility (EBITDA) Act. The legislation builds on the Working Families Tax Cuts Act’s—also known as the One Big Beautiful Bill—pro-growth policy by restoring globally competitive interest deductibility standards and unleashing domestic investment for U.S.-headquartered companies.
...strongly supported the Tax Cuts and Jobs Act that put money in the pockets of hardworking Kansans...
Evidence
Public Law 119-21 includes Sec. 70303, modifying the business-interest limitation by striking the pre-2022 taxable-year restriction in section 163(j)(8)(A)(v).
The GovInfo public law records H.R. 1 as approved July 4, 2025, after House passage, Senate amendment, and House concurrence.
Roll Call 190 on H.R. 1 passed, 218-214; the Clerk lists Estes, Republican of Kansas, voting Aye.
Roll Call 145 on H.R. 1 passed, 215-214; the Clerk lists Estes, Republican of Kansas, voting Yea.
Assessments
Public Law 119-21 was enacted on July 4, 2025 and included Sec. 70303 restoring the EBITDA-style adjusted taxable income standard for the business interest deduction for taxable years after December 31, 2024. Estes was still serving in federal office and voted for both House passage and final concurrence on H.R. 1, so the promised policy outcome was delivered in the same term with candidate credit.