A bill to amend the Internal Revenue Code to allow an equal investment interest deduction limitation for taxpayers controlling a corporation through an employee ownership plan as exists under current law for other taxpayers controlling an enterprise.

Amends the Internal Revenue Code to increase from $10,000 to $15,000 the limitation on the income tax deduction for interest paid or accrued on investment indebtedness for individuals who invest in a corporation or partnership and who control such corporation or partnership through an employee ownership plan.