Rural Organizations Urge Congress Not To Eliminate Tax Deduction For Advertising

Signatory

A letter from organizations (including the NATIONAL ASSOCIATION OF FARM BROADCASTING) representing rural interests to the heads of the Senate Finance Committee and the House Ways and Means Committee urges the legislators not to eliminate the tax deduction for advertising.

The letter to Sens. ORRIN HATCH (R-UT, Chairman of the Finance Committee) and RON WYDEN (D-OR, Ranking Member) and Reps. KEVIN BRADY (R-TX, Chairman of the Ways and Means Committee) and RICHARD NEAL (D-MA, ranking member) warns that "the imposition of a new tax on advertising or limiting its current full, first-year deductibility, could damage rural economies and disrupt the distribution of critical local news information." Noting that "farmers, ranchers and residents of rural AMERICA have depended on free, over-the-air radio for nearly a century to deliver local news, emergency notifications, sports information and agriculture market news," the organizations say that changes to the tax treatment of advertising "could force radio stations off the air and harm both the productivity and connectivity of rural AMERICA."

Groups signing on to the letter include the AMERICAN AGRI-WOMEN, ASSOCIATION OF AGRICULTURAL RETAILERS, AMERICAN SHEEP INDUSTRY ASSOCIATION, INTERTRIBAL AGRICULTURE COUNCIL, NATIONAL ASSOCIATION OF FARM BROADCASTING, NATIONAL ASSOCIATION OF WHEAT GROWERS, NATIONAL BLACK GROWERS COUNCIL, NATIONAL COUNCIL OF FARMERS COOPERATIVES, NATIONAL FARMERS UNION, RURAL & AGRICULTURE COUNCIL OF AMERICA, UNITED STATES CATTLEMEN’S ASSOCIATION, and WOMEN INVOLVED IN FARM ECONOMICS.  Advertising is presently fully deductible as a regular business expense.

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