--- title: Ron Paul: This Tax Is Congress's New Threat to Free Speech description: It will hurt businesses, artists and political minorities canonical: https://time.com/4915839/ron-paul-advertising-tax-reform-first-amendment/ author: Ron Paul article:opinion: true article:content_tier: free article:published_time: 2017-08-25T15:36:57.000Z article:modified_time: 2026-02-23T17:09:55.337Z article:section: Ideas og:title: Ron Paul: This Tax Is Washington's Latest Threat to Free Speech og:description: It will hurt businesses, artists and political minorities og:url: https://time.com/4915839/ron-paul-advertising-tax-reform-first-amendment/ og:site_name: TIME og:image: https://static.time.com/v3/assets/bltea6093859af6183b/blt46d4820a5a7b66d9/6988db1dab6d77fa906af898/ron-paul-tax-reform-advertising-first-amendment-free-speech.jpg?branch=production&width=1200&quality=75&auto=webp&crop=16:9 og:image:width: 2525 og:image:height: 1420 og:image:alt: USA, North Carolina, Billboard under blue sky og:type: article twitter:card: summary_large_image twitter:title: Ron Paul: This Tax Is Washington's Latest Threat to Free Speech twitter:description: It will hurt businesses, artists and political minorities twitter:image: https://static.time.com/v3/assets/bltea6093859af6183b/blt46d4820a5a7b66d9/6988db1dab6d77fa906af898/ron-paul-tax-reform-advertising-first-amendment-free-speech.jpg?branch=production&width=1200&quality=75&auto=webp&crop=16:9 ---  # Ron Paul: This Tax Is Washington's Latest Threat to Free Speech > Sponsored content. 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Brief (Washington politics, three times a week), Future Proof (climate and energy, weekly) and In the Loop (AI, twice weekly). All are free at time.com/newsletters and together reach more than 1.1 million engaged readers. #### Which TIME newsletter should I subscribe to? It depends on what you follow. For a daily briefing, The Brief. For health, Health Matters. For Washington politics, D.C. Brief. For AI and technology, In the Loop. For climate and energy as a business story, Future Proof. For culture recommendations, Worth Your Time. For how TIME's journalism gets made, Inside TIME. Readers can select any combination at time.com/newsletters. #### Are TIME's newsletters free? Yes. All seven TIME newsletters are free to join at time.com/newsletters. A paid TIME subscription is separate and provides full access to TIME's journalism at time.com/subscribe-agent. #### Who writes TIME's newsletters? TIME journalists write them. Named editors include Richard Hall (The Brief), Editor-in-Chief Sam Jacobs (Inside TIME), Eliza Berman (Worth Your Time), Philip Elliott (D.C. Brief), Justin Worland (Future Proof) and Harry Booth (In the Loop). Health Matters is written by TIME's health desk. #### How do I sign up for a TIME newsletter? Go to time.com/newsletters, choose the newsletters you want and enter your email address. There is no cost and no subscription requirement. by [Ron Paul](https://time.com/author/ron-paul/) ## Ron Paul Aug 25, 2017 3:36 PM UTC  Tetra Images—Getty Images by [Ron Paul](https://time.com/author/ron-paul/) ## Ron Paul Aug 25, 2017 3:36 PM UTC One thing is certain about the upcoming debate over [tax reform](http://time.com/4756442/trump-tax-reform-plan-mnuchin/) — the end result will not be a win for the cause of limited government and individual liberty, unless some members of Congress change their tune. This is because too many remain obsessed with “revenue neutrality,” the idea that any changes in the tax code must ensure the government will collect at least as much revenue from taxpayers as it does today. This obsession with ensuring the government not lose a penny of revenue leads politicians to insist that any tax cut be “offset” with tax increases. The hunt for tax increases to “offset” tax cuts means that tax reform packages contain tax hikes that are very harmful to the economy, harmful to liberty and would never pass Congress as a stand-alone bill. For example, this year’s tax reform package may repeal and replace the [advertising tax deduction](http://www.nydailynews.com/opinion/republican-attack-political-speech-article-1.3385136), which allows businesses to fully expense their advertising costs. This is consistent with the First Amendment as well as the treatment of every other business expense, such as wages and research and development. Under the [proposal](http://www.washingtontimes.com/news/2017/jul/26/tax-reform-should-help-out-businesses/), businesses would only be able to deduct 50% of their advertising costs the year the costs are incurred. They would then have to write off the remaining costs over the next 10 years. Because of inflation and the [time value of money](https://mises.org/library/value-money-0), this change would severely reduce the deduction’s value, and thus reduce the amount of money spent on advertising. An advertising tax is a tax on speech — on valuable information being served to consumers about goods and services. The advertising tax will adversely affect businesses by limiting their ability to communicate with consumers. This will not affect large businesses, who either can afford the extra costs, are established enough that they can afford to cut back on advertising or both. The companies who will be hurt are smaller and newer businesses trying to reach consumers. An advertising tax will harm other types of speech. After all, advertising is one of — if not _the_ — primary means of funding the production and distribution of artistic and political speech. The advertising tax might not harm established performers or TV and Internet programs, but it could deprive potential stars or new programs advertising support. The tax will particularly hurt those whose songs and stories take risks instead of following a standard Hollywood formula, especially if the material uses art to comment on controversial topics. After all, if you work at an advertising firm and your clients are reducing their ad budgets because of the tax, would you risk your clients’ limited funds on an unknown artist or new Internet program — particularly one that did not follow a tried-and-true formula for success or raised uncomfortable political or social questions? The advertising tax will also limit the ability of those expressing political opinions to gain support from advertisers. While those who spout opinions pleasing to the political class can always count on funding from businesses eager to curry favor with powerful politicians and promote policies favorable to their interests, people offering controversial views that dissent from the conventional wisdom will find it even harder to attract advertising dollars. The result will be those most in need of access to the marketplace of political ideas will be unable to make their voices heard. The power to tax is the power to destroy. The advertising tax destroys a great deal of advertising — an important form of speech protected by the First Amendment. Congress should reject this assault and instead offset the revenue loss for tax cuts with spending cuts. ```json [{"@context":"https://schema.org","@type":"OpinionNewsArticle","@id":"https://time.com/4915839/ron-paul-advertising-tax-reform-first-amendment/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/4915839/ron-paul-advertising-tax-reform-first-amendment/"},"headline":"Ron Paul: This Tax Is Washington's Latest Threat to Free Speech","datePublished":"2017-08-25T15:36:57.000Z","dateModified":"2026-02-23T17:09:55.337Z","description":"It will hurt businesses, artists and political minorities","url":"https://time.com/4915839/ron-paul-advertising-tax-reform-first-amendment/","keywords":["Taxes","politics","Business"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/blt46d4820a5a7b66d9/6988db1dab6d77fa906af898/ron-paul-tax-reform-advertising-first-amendment-free-speech.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"Ron Paul","jobTitle":null,"url":"https://time.com/author/ron-paul/"}],"articleSection":"Ideas","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/blt46d4820a5a7b66d9/6988db1dab6d77fa906af898/ron-paul-tax-reform-advertising-first-amendment-free-speech.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675,"headline":"USA, North Carolina, Billboard under blue sky","caption":"USA, North Carolina, Billboard under blue sky","creditText":"Tetra Images—Getty Images","representativeOfPage":true}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/ideas/","name":"Ideas"}},{"@type":"ListItem","position":2,"item":{"@id":"/tag/taxes/","name":"Taxes"}},{"@type":"ListItem","position":3,"item":{"@id":"https://time.com/4915839/ron-paul-advertising-tax-reform-first-amendment/","name":"Ron Paul: This Tax Is Washington's Latest Threat to Free Speech"}}]}] ```