Government Relations News
As expected, Chairman Dave Camp of the House Ways and Means Committee released a draft tax reform proposal today. As we had heard, Chairman Camp’s plan would require the amortization of certain advertising expenses beginning in 2015.
All indications are that Chairman Dave Camp of the House Ways and Means Committee will release a discussion draft tax reform proposal next week.
ANA filed comments with the Senate Finance Committee on Friday in opposition to Chairman Baucus’ draft proposal to amortize 50 percent of the tax deductibility of advertising expenses over a five year period.
Advertising is a driving force in the U.S. economy, serving as a generator of job creation and sales, according to a new study commissioned by the Association of National Advertisers (ANA) and The Advertising Coalition, which represents advertisers, advertising agencies, and media companies.
ANA has joined four other associations in sending a letter to Senate Judiciary Committee Chairman Patrick Leahy (D-VT) and Ranking Member Charles Grassley (R-IA) in support of provisions in S. 1720, the Patent Transparency and Improvements Act.
In response to its recent “Internet of Things” workshop on November 19th (focusing on security and privacy issues related to consumer goods connected to the Internet), the FTC announced it is seeking public comment on issues discussed at the workshop.
Potential Changes in Deductibility of Advertising Expenses within Tax Reform Legislation Would Only Serve to Stifle Economic Activity
Senator Max Baucus (D-MT), Chairman of the U.S. Senate Finance Committee, today released his discussion draft of tax reform legislation that includes a provision that will, if enacted, severely impact the economy and lead to significant job loss. This provision would allow advertisers to deduct only 50 percent of all advertising expenses in the first year and amortize the remaining 50 percent over the next five years.
Chairman Max Baucus (D-MT) of the Senate Finance Committee has released the first of several forthcoming draft proposals for tax reform.
On Monday, November 18th, Chairman Patrick Leahy (D-VT) of the Senate Judiciary Committee, along with Senators Mike Lee (R-UT) and Sheldon Whitehouse (D-RI), introduced the Patent Transparency and Improvements Act of 2013.
Two powerful members of Congress have introduced legislation that would impose new restrictions on the collection of personal information from teenagers in the online environment.
On November 12th, Chairman Jay Rockefeller (D-WV) of the Senate Commerce Committee introduced S.1680, the Consumer Choice in Online Video Act.
On Tuesday, November 12th, the Senate Commerce Committee advanced the nomination of FTC Nominee Terrell McSweeny to the full Senate.
The tax deduction for advertising expenses is under serious threat in the United States Congress.
This morning, the Senate Commerce Subcommittee on Consumer Protection, Product Safety, and Insurance held a hearing on demand letters sent by patent trolls.
ANA, along with 20 other trade associations representing a wide swath of industries, has sent a letter to members of the House and Senate Judiciary Committees asking them to address demand letters as a part of their legislative efforts to curb patent trolling.
ICANN will host two webinars this week on new Top Level Domains.
The legislative attack on patent trolls continued today, as Senator Orrin Hatch (R-UT), the ranking member of the Senate Finance Committee and former chairman of the Senate Judiciary Committee, introduced an anti-patent troll bill, the Patent Litigation Integrity Act.
Last Wednesday, House Judiciary Chairman Bob Goodlatte (R-VA) introduced his long awaited bipartisan bill, the Innovation Act, designed to curb the growing threat from patent assertion entities (PAEs), also called patent trolls.
Congressional Judiciary Committees’ Republican Members Call for Clarification of FTC Section 5 Authority
House Judiciary Committee Chairman Bob Goodlatte (R-VA), Senate Judiciary Committee Ranking Member Chuck Grassley (R-IA), along with a number of other Republican members of both committees sent a letter to FTC Chairman Edith Ramirez on Wednesday, October 23rd in regard to Section 5 of the FTC Act.
We have learned that there is a strong likelihood that Ways and Means Committee Chairman Dave Camp (R-MI) will include some restriction on advertising deductibility in his initial draft of a tax reform bill.