Marketing Takes a Beating in Beltway
Monday, July 27, 2009
As if the recession pummeling the industry wasn't enough, the business is starting to feel besieged by the Beltway.
There are efforts to strip the $4.7 billion direct-to-consumer-drug category of its tax deductibility; congressional concern over consumer tracking on the internet, endangering the $23.4 billion online-ad market; Food and Drug Administration scrutiny of such household names as Cheerios and Tylenol; proposed guidelines from the Federal Trade Commission seeking disclosure for paid blog posts, even tweets; and, of course, the federal government's strong hand in setting -- and sitting on -- ad budgets at Chrysler and General Motors. With a new Congress and an administration seeking funding for health care and other programs, marketing has become an unpopular and easy target ripe for regulation and shakedown to fund the federal piggy bank.
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