NAB Praises Yanking DC Ad Tax That Sponsor Now Regrets
NAB CEO Gordon Smith praised the Washington, D.C., Council Thursday for approving an amendment that would remove a new tax on local businesses that buy advertising on TV, in print or on digital outlets. The 3% sales tax “would have…
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placed an undue burden on small businesses and local media already struggling amidst the pandemic,” Smith said. “This should serve as an example for other local governments that such misguided taxes on advertising are counterproductive in stimulating local economies and will continue to be met with fervent opposition.” The amendment, circulated by Council Chairman Phil Mendelson (D), rearranges funding sources and cuts spending to cover the $18.4 million projected to be raised by the tax. Mendelson, who proposed the tax, said in a statement it's a policy choice he now regrets.