Lonegan: House Leadership Must Kill the First Amendment Tax

You know our representatives have gone off the deep end when they begin considering imposing a tax on the First Amendment to raise more government revenue. But unfortunately, that’s the reality we’re now living in. Recently, the Daily News and Washington Times reported that party leadership is considering replacing the failed border adjustment tax with revenue raisers from former Rep. Dave Camp’s (D-MI) 2014 tax reform plan. Allegedly, one of the top contenders for replacement is his old advertising tax provision, which would scrap advertising’s full deductibility as a business expense and make it only half deductible, with the other half being amortized over a ten-year period. -- More...