WASHINGTON -- In response to passage of comprehensive tax reform legislation by the House of Representatives today, the following statement can be attributed to NAB President and CEO Gordon Smith:
“NAB congratulates the House of Representatives on today’s passage of comprehensive tax reform legislation. Local broadcasters are especially appreciative that the legislation preserves businesses’ ability to fully and immediately deduct the cost of advertising expense. Broadcasters are supportive of a modernized tax code that spurs economic growth, creates high-paying jobs and puts money back in Americans’ pockets. NAB looks forward to working with Members of Congress on both sides of the Capitol to continue advancing legislation that achieves these goals.”
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.