Will Ad Tax Deduction Come Back in Play With Baucus' Exit?

Advertisers aren't taking any chances

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There is more reason than ever for the advertising and media industries to keep a closer eye on Washington these days now that Sen. Max Baucus (D-Mont.) has announced he will retire in 2014. The powerful chairman of the Senate Finance Committee has made it all too clear that he sees tax reform as a top priority. And that means that once again, the corporate advertising tax deduction could come back in play.

"They're going to get tired of me," Baucus told The Washington Post about his efforts to end the Congressional stalemate over tax reform proposals. 

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