NAB Gives Thumbs-Up To GOP Tax Reform Plan


Forget Entercom and Cumulus Media — the biggest headlines of the day came right from Capitol Hill, as top House Republicans including Rep. Paul Ryan (pictured) introduced legislation that would greatly change the U.S. tax code.

The changes could effect every business, or household, and there’s already chatter about caps to mortgage-interest deductions, bushwhacking to the corporate tax rate, and shrinking the seven tax brackets for families and individuals to four.

What it will do for broadcast media, and the ability to fully deduct business advertising expenses, got the NAB’s seal of approval.

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