Senators Stabenow and Peters Sign Senate Ad Deductibility Letter
The MAB engaged our members to reach out to Senators Stabenow and Peters and ask them to sign on to the Senate letter in favor of keeping advertising deduction as a necessary and ordinary business expense.
We are glad to report that both Senators signed on to the letter which states in part that “For the life of the tax code, advertising has been treated the same as all other regularly occurring business expenses, such as employee wages, rent, utilities, and office supplies. Any measure that would tax advertising – and therefore make it more expensive – cannot be justified as a matter of tax or economic policy. Moreover, such a proposal would run counter to a major goal of tax reform we can all agree on – simplifying the tax code.”
The MAB would like to thank all of our members for their grassroots advocacy on this issue!