Rep. Dave Camp (R-Mich.), chairman of the House ways and means committee and the lawmaker pushing tax reform, won't seek re-election, putting one of the most powerful positions in Congress in play.
Sen. Ron Wyden
Rep. Dave Camp (R-Mich.), the outgoing chairman of the House Ways and Means Committee, unveiled his tax reform package Wednesday, and the bad news for the advertising and media industries is that it includes new limits on the advertising tax deduction. As feared, Camp's proposal would cut the deduction by half in the first year with the rest amortized over 10 years.
The fate of the advertising tax deduction on the Senate side now rests with Ron Wyden (D-Ore.), who was officially confirmed by the Senate as chairman of the powerful finance committee on Thursday.
When the Internet speaks, Congress jumps. Only days after the White House came out in support of a White House petition to legalize cell phone unlocking, a number of lawmakers have taken up the cause and introduced legislation.
In a sign that Internet giants will help drive the agenda in Washington, more than half a dozen lawmakers representing both sides of the aisle today paid homage to the $8 trillion annual Internet industry—a part of the economy no lawmaker wants to disrupt, let alone upset.
One year ago today websites like Wikipedia and Reddit went dark to protest two anti-piracy bills that no one outside the Beltway had ever heard of before. Today, because of that blackout, the acronyms SOPA and PIPA are practically household names.
Sen. Ron Wyden is practically a rock star among the Internet community. Hailed as the “Senator from the Internet,” the Democratic member from Oregon seemed to relish the accolades during his morning address kicking off the second day of the innovation policy summit at the International CES.
Pandora has become the poster child in the fight over royalties for music streamed over the Internet. As the debate heats up in advance of a House Judiciary hearing at the end of the month, more than 125 musicians and singers signed an open letter that will be published in the Nov.
Internet radio services like Pandora may be popular, but they haven't been profitable, largely because of crippling music royalties. Hoping to turn around a lousy business model, Pandora and Clear Channel—along with 11 other Internet radio companies and trade associations—have formed the Internet Radio Fairness Coalition.