WASHINGTON, D.C. -- In response to proposals in the House of Representatives and Senate to alter the current law that permits businesses to fully deduct their full cost of advertising in the year it is incurred, the following statement can be attributed to NAB Executive Vice President of Communications Dennis Wharton:
"NAB and the thousands of local radio and television stations in our membership strongly oppose limits that would be placed on the ability of businesses to annually deduct costs for advertising. We’re optimistic that Congress will fully retain the ad tax deduction, which is an engine for economic growth and job creation in businesses and communities across America."
The National Association of Broadcasters is the premier advocacy association for America's broadcasters. NAB advances radio and television interests in legislative, regulatory and public affairs. Through advocacy, education and innovation, NAB enables broadcasters to best serve their communities, strengthen their businesses and seize new opportunities in the digital age. Learn more at www.nab.org.