Have the tax benefits of debt been overestimated

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Measuring the Probability of Financial Covenant Violation in Private Debt Contracts (2016, unknown): “3 Other examples include Bradley and Roberts (2004) and Billett et al.”
Conditional conservatism and the limits to earnings management (2020, unknown): “To measure the marginal tax rate we employ the proxy developed by Blouin et al. (2010).”
Dual Class Ownership and Tax Avoidance (2014, unknown): “12 The marginal tax rate represents the present value of taxes paid on an additional dollar of taxable income (Blouin et al. 2010).”
The Effect of Corporate Taxation on Investment and Financial Policy: Evidence from the DPAD (2018, background): “The traits of interest in these rows are the Blouin et al. (2010) simulated marginal tax rates, firm revenue, firm age, and Cash Flow. Here revenue and age proxy for firm size and access to financing (Hadlock and Pierce (2010)).”
Corporate Political Connections and Tax Aggressiveness (2013, unknown): “The marginal tax rates are from Blouin et al. (2010). The variable PREF_MTR is the prefinancing marginal tax rate and POSTF_MTR is the post-financing marginal tax rate.”
Capital Structure Choice and Company Taxation: A Meta-Study (2013, unknown): “3 Recently, Graham and Kim (2009) and Blouin et al. (2010) suggest new procedures to simulate marginal tax rate measures.”