Proposed tax law change puts ad associations on alert Senate Finance Committee Chairman Max Baucus (D-Mont.) is proposing scaling back the amount of taxes that businesses can deduct for advertising, an idea that many advertising groups say would amount to a new tax on advertising. According to the industry publication Ad Age, Baucus has suggested allowing businesses to deduct only 50 percent of their advertising costs during a tax year, with the remaining 50 percent spread over the next five years. The proposal isn't likely to gain much traction in the current Congress, but it has put advertising associations on the defensive, the publication reported. "It is essential… Read More