Senate Finance Committee member Chuck Schumer (D-NY) released his proposal to target the benefits of corporate inversion transactions.  Schumer proposes to repeal the Section 163(j) debt-to-equity safe harbor provision and reduce to 25 percent the maximum amount a US entity’s net interest paid to a related party can exceed its adjusted taxable income before it is considered nondeductible.  Schumer also proposes to repeal the carryforward period for both excess limitation and disallowed interest expenses.  The plan may become part of a larger package of anti-inversion legislation.