[HWR_14]

Thanks.

That is a very clear explanation. It seems like that got caught up in the whole "no interest other than acquisition debt is deductible" rule change.

Also, I know you were enumerating items, not advocating for their return. I see the change as good, and didn't know if there is a countervailing point of view explaining why interest on equity debt should be deductible (possibly from the entity that educated you on the matter).