Does Jeb Bush Really Want to Upend the Bond Market?

His tax plan eliminates the deductibility of interest, and that could be scary for the economy.

When I'm in the driver's seat, interest won't be deductible.

Photographer: Ray Tamarra/WireImage

Buried deep in Jeb Bush's tax plan is a 15-word bombshell that has gone largely unnoticed in the days since it was unveiled. The Republican presidential candidate proposes to eliminate the deduction that corporations take for interest expenses, thus closing off a tax break that saves U.S. companies billions of dollars a year.

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