15 Senators Ask Leadership To Preserve Tax Deductibility Of Advertising

Letter

A bipartisan letter to Senate Majority Leader MITCH MCCONNELL (R-KY) and Minority Leader CHUCK SCHUMER (D-NY) from fifteen Senators asks the leaders to preserve the current deductibility of advertising expenses in the Senate's move towards revisions in the tax code.

Noting that advertising has always been treated the same as other regular expenses for business, the Senators -- JOHN BOOZMAN (R-AR), TAMMY BALDWIN (D-WI), JERRY MORAN (R-KS), ROGER WICKER (R-MS), SHERROD BROWN (D-OH), CATHERINE CORTEZ MASTO (D-NV), ED MARKEY (D-MA), TAMMY DUCKWORTH (D-IL), DEBBIE STABENOW (D-MI), AMY KLOBUCHAR (D-MN), GARY PETERS (D-MI), ANGUS KING (I-ME), JAMES INHOFE (R-OK), RAND PAUL (R-KY), and JOE DONNELLY (D-IN) -- write, "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."

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