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>>124 Congressmen Voice Opposition To Eliminating Ad Tax Deductibility

124 Congressmen Voice Opposition To Eliminating Ad Tax Deductibility

By All Access Online, 5-10-17

Some 124 members of Congress have voiced their opposition to changes in the tax deductibility treatment of advertising as expenses.  The legislators sent a letter to House Speaker Paul Ryan (R-Wis.) and Minority Leader Nancy Pelosi (D-Calif.), with Reps. Kevin Yoder (R-Kan.) and Eliot Engel (D-N.Y.) as leading signatories, asking that they “maintain the current tax treatment of advertising as a fully and immediately deductible business expense.”

The letter asserts that “(a)ny measure that would tax advertising – and therefore would make it more expensive – cannot be justified as a matter of tax or economic policy….  Advertising has been accorded the same treatment as all other regularly occurring business expenses, such as employee wages, rent, utilities and office supplies, throughout the 114-year life of the tax code.”  » Read More

By |2017-06-07T11:05:17+00:00May 10th, 2017|Issue Watch|Comments Off on 124 Congressmen Voice Opposition To Eliminating Ad Tax Deductibility