February 15, 2013
Committee Members Prepare for Tax Overhaul
The Republican and Democratic leaders of the House Ways and Means Committee have announced the formation of bipartisan working groups to report on available options in preparation for an attempt at major tax reform. The working groups, which are due to report by April 15, will examine the tax code’s interaction with subjects such as capital formation, education, multinational businesses and the real estate industry.
Committee Chairman Dave Camp, R-Mich., and Ranking Minority Member Sander Levin, D-Mich., would like to have the committee pass legislation by the end of the year.
While there are many differences between Republicans and Democrats, the goal of tax simplification and eliminating tax breaks has wide support in both parties. Advertising can be at risk in this discussion as some lawmakers view the deductibility of advertising expenses as a tax break rather than as the legitimate and necessary business expense that it is.
AAF continues to work with our ad clubs across the country, and allies in Washington, DC, to educate members of the Committee and other members of Congress about the economic benefits of advertising and the harm that would come from eliminating or reducing its deductibility.
AAF to Host Meet and Greet
On Thursday, March 14 at 8:30 a.m. AAF will host a “meet and greet” with Congressman Billy Long, R-Mo. Congressman Long is a new member of the House Energy and Commerce Committee. He sits on the Commerce, Manufacturing and Trade and Communications and Technology subcommittees, both of which have jurisdiction over many issues important to the advertising industry.
AAF meet and greets are an opportunity to get to know lawmakers in an informal and off-the-record setting. Just as importantly, they are an opportunity to educate our guests about the advertising industry and issues of concern.
If you would like to attend the March 14 event, or if your club would like to host a similar event with your member of Congress, contact Clark Rector, AAF evp-government affairs at 202-898-0089 or firstname.lastname@example.org.
Advocacy and Action: Advertising Day on the Hill
Plans continue for AAF’s government affairs conference Advocacy and Action: Advertising Day on the Hill on April 17, 2013. At this major conference AAF club and corporate members will hear directly from federal officials who make and enforce the laws and regulations under which the advertising industry operates. Attendees will then go to Capitol Hill to brief their Senators and Representatives about advertising and the issues of importance to our industry. Visit the conference page to register or contact Clark Rector at (202) 898-0089 or email@example.com for more information.
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The AAF protects and promotes advertising at all levels of government through grassroots activities. Our nation-wide network monitors advertising-related legislation on local, state and federal levels. We put our members face-to-face with influential lawmakers while encouraging self-regulation as a preemptor to government intervention, when appropriate of course. To learn more about our advocacy efforts, click here.