WASHINGTON -- In response to passage of tax reform legislation by Congress, the following statement can be attributed to NAB President and CEO Gordon Smith:
“NAB congratulates Congress on the passage of comprehensive tax reform legislation that aims to further grow the U.S. economy. In particular, local TV and radio stations and our network broadcast partners salute leaders of Congress for recognizing the importance of advertising as a principal driver of commerce by preserving the full and immediate deductibility of advertising expenses. Advertising is an undeniable stimulus for robust growth that has helped America lead the world in the creation of high-paying jobs.”
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.