Re: H.R. 848/S. 379 (Performence Tax) When Is Actually Voted On??
I think House Energy and Commerce Committee Chairman Emeritus John Dingell, Speaking at the NAB State Leadership Dinner in Washington, D.C. a few nights ago said it all:
"I'd like to express my opposition to legislation imposing a performance tax on broadcasters. I am concerned that such a tax would be of less benefit to recording artists than to record labels, many of which are based abroad. Further, recording artists and record labels have profited handsomely for years from the free publicity they get from broadcasters, a mutually beneficial relationship that a performance tax will destroy. Lastly, and perhaps most practically, it seems ridiculous to me to impose a new punitive fee on broadcasters during this time of recession, especially as broadcasters have seen their revenues decrease by up to 40 percent over the past several years."
My take is that most on Capital Hill are in agreement with the respected Mr. Dingell and are cool to the PRA if not down right cold to it. If the bill did come up for vote, this year or next, I believe it would be defeated by a wide margin.
c5