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Treasury Secretary Steven Mnuchin arrives at the Capitol on Tuesday for a closed-door meeting with other leading tax negotiators. (AP Photo/J. Scott Applewhite). One of Wall Street’s most treasured tax breaks is taking center stage in the Republican skirmish over a tax overhaul. House Republican leaders are pushing to end the deduction for interest payments on debt, a break worth as much as $1.5 trillion to tax-writers desperate for revenue . They want to use that money to pay for a new write-off allowing companies to immediately deduct the cost of capital investments — a move they think will inject some quick zing into the economy. But zeroing out the code’s subsidy for debt financing... Full story

13 September