Washington DC

Chairman of the House Ways and Means Committee, Dave Camp, R-Mich., is continuing in his effort to draft major tax reform legislation.  According to sources from within the committee, limitations on the full tax deductible status of advertising remain on the table as the bill's drafters try to find a way to lower the top individual and corporate rate to as low as 28 or 25 percent.  To achieve their goal of revenue neutrality, many tax deductions and preferences must be eliminated or reduced. Ward talked with Clark Rector, Executive Vice President of Governmental Affairs with the American Advertising Federation in Washington DC.

Audio file edited for time, not content

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