Ph 402.561.6625

Legislative Issues

Legislative Committee Update – October 2017

Nicole Schmoll Board Photo 2017

Clark Rector, Jr., Executive Vice President of Government Affairs for AAF, noted in his Government Report dated September 27 that the Unified Framework for Fixing our Broken Tax Code presents a threat to the advertising industry. The plan itself would reduce the corporate tax rate to 20%. Read More

AAF Government Report | September 2017


Senior Congressional and Administration officials have released their Unified Framework for Fixing our Broken Tax Code. The so-called “Big 6″(Treasury Secretary Steven Mnuchin, National Economic Council Director Gary Cohn, House Speaker Paul Ryan, House Ways and Means Chairman Kevin Brady, Senate Majority Leader Mitch McConnell and Senate Finance Chairman Orrin Hatch) have been negotiating the details of the plan for weeks. Read More

Legislative Committee Update – September 2017

Nicole Schmoll Board Photo 2017

While the 2017 Nebraska Legislature is in recess, there is still activity going on nationally and work our committee is doing locally. In this update, I’ll share our goals as a committee and a few exciting events that you are encouraged to participate in this year. Read More

AAF Alert – Tax Reform

This letter is from Clark Rector the American Advertising Federation, Executive Vice President-Government Affairs. The letter contains important information about the expected release of a federal tax reform proposal - advertising is at great risk. September 7, 2017 AAF Colleague: As I am sure you are aware, the United States Congress and the White House are expected to release a federal tax reform proposal in the next few weeks.  Members of the House and Senate tax-writing committees ...

Read More

AAF Government Report | August 2017


According to prior reports, Senate talks on tax reform have been centered on a framework similar to the plan introduced in 2014 by former Ways and Means Committee Chair Dave Camp, R-Mich. That plan called for lowering the corporate tax rate to 25 percent while eliminating many tax preferences and deductions, including limiting the federal deduction for advertising expenses to 50% in the current year with the remaining 50% amortized over ten years. A similar plan was introduced at the same time in the Senate by then Finance Committee Chair Max Baucus, D-Mont., although the amortization schedule in the Senate plan was for five years. There has been no indication that the advertising deduction is currently under consideration. Read More

AAF Omaha