NAB Cheers Senate Tax Bill Passage

OK By Them

The Senate's late-night passage of the controversial tax bill has at least one broadcasting group cheering, as the NATIONAL ASSOCIATION OF BROADCASTERS has voiced its support for the legislation.

NAB President/CEO GORDON SMITH said, “NAB commends the Senate on passage of comprehensive legislation to modernize the U.S. tax code. Importantly, this bill preserves the full and immediate deductibility of business advertising, which serves as a key driver of economic activity and job creation. NAB will continue working with Members of Congress towards final passage of comprehensive tax reform legislation that aims to stimulate the economy and create high-paying jobs.”

The bill now goes into the reconciliation process with the House version to craft a combination that can be sent to President TRUMP for his signature.  The Senate bill, over 400 pages with extensive hand-written revisions, was served to members just hours before the vote.

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