When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Thursday, July 24, 2014

Internet Tax Moratorium, Internet Freedom, Internet Tax Freedom Act

Internet Freedom Lives - WSJ: "... House leaders should aim for an immediate floor vote. The bill, authored by Judiciary Chairman Bob Goodlatte (R., Va.) and co-sponsored by 138 Republicans and 76 Democrats, would permanently extend the Internet tax moratorium. This successful law, in place since 1998, doesn't ban sales taxes but simply prohibits multiple and discriminatory taxes online. This means that America's more than 9,600 state and local tax collectors can't create Internet-only taxes that don't exist off-line. The law has prevented new taxes on Internet access services and email and thus has allowed Web commerce to serve consumers with innovation. Some in Congress wanted to hold the Tax Freedom Act hostage to a separate bill imposing state sales tax collection burdens on Internet sellers, but economic wisdom seems to have prevailed in the House. The law is due to expire on Nov. 1, and a quick vote in the House will help encourage the Senate to do the same. Lawmakers should serve online consumers before serving themselves during the August recess. More than 200 million Americans use the Internet, and very few want to be hit with new taxes on their monthly Internet access bills. And very few would look kindly on politicians responsible for such a preventable mess...."

more info: Permanent Internet Tax Freedom Act (H.R. 3086) - GovTrack.us


The Big Picture

Financial Crisis - The Telegraph

JohnTheCrowd.com | The Sailing Website

Craig Newmark - craigconnects