Today, the Coalition sent letters to Senators Franken, Whitehouse and Brown specifying multiple reasons not to allow passage of s1763, the Ad Tax Bill. Read the letters, then feel free to comment.
“S.1763: To amend the Internal Revenue Code of 1986 to deny the deduction for advertising and promotional expenses for prescription pharmaceuticals.”
“Dear Senator Franken:
Our organizations represent virtually every business in the country that uses advertising or depends upon advertising as revenue to support public access to media and entertainment. We are writing to express our concerns about legislation that you have sponsored that would create a new section 280I of the Tax Code to disallow the ordinary and necessary business expense deduction for the cost of advertising prescription medications.”
“Dear Senator Brown:
Our organizations represent virtually every business in the country that uses advertising or depends upon advertising as revenue to support public access to media and entertainment. We are writing to express our concerns about legislation that you have sponsored that would create a new section 280I of the Tax Code to disallow the ordinary and necessary business expense deduction for the cost of advertising prescription medications.”
“Dear Senator Whitehouse:
Our organizations represent virtually every business in the country that uses advertising or depends upon advertising as revenue to support public access to media and entertainment. We are writing to express our concerns about legislation that you have sponsored that would create a new section 280I of the Tax Code to disallow the ordinary and necessary business expense deduction for the cost of advertising prescription medications.”