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Senate Approves Internet Sales Tax Bill
Lisa Boxx Show this Post
05-07-2013, 08:37 PM #1
Lisa Boxx Incognito Anonymous
 
On Monday, the Senate approved a bill that would enable states to collect sales tax on merchandise bought on the internet, "under current law, states can only collect from companies that are physically located within their borders."

The bill passed on a 69-27 vote. According to The Hill, 22 Republicans voted for the bill while 19 opposed.

Immediately, those like Sen. Ted Cruz (R-TX) noted the bill favors "politicians looking for more tax revenue and big businesses looking to make it harder for their competitors to survive."

For years, retail groups have complained that customers come to their stores to look at products only to buy them online; state governments have said they lose "as much as $23 billion in annual taxes from online sales to go uncollected."

Amazon and Republican Virginia Gov. Bob McDonnell support the bill while organizations like eBay oppose.

Even though the "bill would exempt small businesses that earn less than $1 million annually from out-of-state sales, and requires states to provide retailers with software to calculate sales taxes based on a buyer’s zip code," opponents said the bill would simply give government more taxing power and hurt economic growth.

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Rock Bomber Show this Post
05-12-2013, 02:05 AM #2
Rock Bomber Incognito Anonymous
 
In the mean time fat tub of lard Ted Kennedy wasn't able to vote for one more of his communist anti-american business plots

He is in hell

where he belongs!



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