The House Ways & Means Committee chaired by Rep Dave Camp (R-MI) is currently discussing what is essentially a tax on advertising for businesses. Historically, something taxed becomes something not done or not done with the same frequency. The impact on commercial broadcasting has huge implications as far as the current budgets that will come to radio.
The Michigan Assoc of Broadcaster just sent the following information out:
The proposals could take two forms: (1) allow businesses to deduct only 80 percent or less of their advertising costs, or (2) require businesses to amortize advertising costs to postpone the advertising deduction over several years until long after the advertising has appeared.
Contact Congressman Dave Camp (R-4th) and Congressman Sander Levin (D-9th) of Michigan or your own congressmen and voice your opposition to proposals that end advertising deductibility.
Letters to Congressman Camp can be emailed to:
Jennifer Safavian Adam Pradko
Majority Staff Director Legislative Director
House Ways and Means Committee [email protected]
Letters to Congressman Levin can be emailed to:
Janice Mays Alan Lee
Minority Staff Director Tax Counsel
House Ways and Means Committee [email protected]
It is critical that all broadcasters have their voices heard on this issue
