Senate Votes in Favor of Internet Sales Tax Bill
April 23, 2013 5:41 AM
comment(s) - last by
It even won backing from U.S. President Barack Obama
Legislation for the collection of online sales taxes took a major step forward in
a Senate vote
The legislation -- known as the Marketplace Fairness Act -- scored a big victory in a procedural vote of 74-20 Monday night. It even won backing from U.S. President Barack Obama.
The Marketplace Fairness Act allows states to force out-of-state retailers to collect online sales taxes. Currently, states can only require merchants within their borders to collect sales taxes.
The legislation offers an exemption for merchants that generate less than $1 million in annual out-of-state revenue.
"It will level the playing field for local small business retailers who are undercut every day by out-of-state on-line companies," said Jay Carney, White House spokesman.
Senate Majority Leader Harry Reid filed a motion in support of the new bill last Thursday.
Many states are in favor of the Marketplace Fairness Act because the money from sales tax collection could help with financial deficits. For instance, the California Board of Equalization said it made $96.4 million in
sales tax on internet commerce
from September-December 2012, which is the first full quarter that the state started collecting.
Brick-and-mortar stores are also happy with the legislation, since stores like Wal-Mart and Best Buy have complained about the unfair advantage online retailers like Amazon have when it comes to the lack of sales tax collection in certain states.
However, not everyone is in favor of the Marketplace Fairness Act. Sen. Kelly Ayotte (R-NH) strongly opposes the legislation, and plans to fight it until the end.
"This is big retailers and big business lining up to put burdens on the Internet for small online business," said Ayotte. "It is so wrong and it is a precursor to other things they will try to grab using the Internet, including taxing the Internet."
Amazon CEO Jeff Bezos has said that he would comply with sales tax collection if there were some sort of federal legislation regarding the topic. It has been fighting U.S. states that force it to collect sales tax for years (except in Kansas, Kentucky, New York, North Dakota and Washington). Only recently has it started collecting in additional states (like Texas and
, for example). But in return, Amazon gets to create more distribution centers within these state's borders.
The New York Times
This article is over a month old, voting and posting comments is disabled
RE: This isn't rocket science
4/23/2013 9:19:27 AM
I don't quite think you understand the statements you have made. Reagan is the president who really started large scale deficit spending. He also raised taxes. So I find it odd that you reference a past President who did the opposite of what you would prescribe.
RE: This isn't rocket science
4/23/2013 4:38:47 PM
One of his campaign slogans was something to the effect: The nine scariest words you will ever hear, 'I'm from the government, and I'm here to help.'
"He also raised taxes" Do you seriously believe that? Reagan cut marginal rates from 70% to 35%. In fact, that was one of his main objectives and reasons for becoming president. Yes, later in his years, rates did rise from his initially very low levels, but to this day remains significantly below the rates of the stagnate 70's.
In addition: Despite the huge tax cuts he initially enacted, Federal revenue expanded rapidly while he was in office. Why, because the economy expanded rapidly.
Most of what the government does today is take something from one group of people, then politicians and their friends take a cut, and then give the rest to a group of people they want to vote for them.
The economic efficiency theory of Govt: (101) If it moves, tax it. If it keeps moving, regulate it. If it stops moving, subsidize it.
The Economic problem today is the Federal Government. And until the Federal Government gets out of the way, the US Economy isn't going to grow very fast.
But that doesn't bother the current administration. In fact, they want things to suck. They want you miserable, so you will vote for them to "fix" it. Of course, the "fix" is really a new plan to concentrate more power in Washington.
If you are young, when your health care premiums double next year; remember, it is what you voted for. And you will have less of your money to spend and the economy will suffer. Why, because today, Government IS the problem.
RE: This isn't rocket science
4/27/2013 8:29:15 AM
Good luck trying to overcome Liberal brainwashing and lies with facts. Liberals don't care about history or facts...
"A politician stumbles over himself... Then they pick it out. They edit it. He runs the clip, and then he makes a funny face, and the whole audience has a Pavlovian response." -- Joe Scarborough on John Stewart over Jim Cramer
Senate to Vote on Internet Sales Tax Legislation Monday
April 19, 2013, 10:48 AM
California Grabs $96.4 Million in First Round of Online Sales Tax Collection
February 20, 2013, 7:11 PM
Amazon to Collect Sales Tax in New Jersey Beginning July 1, 2013
May 31, 2012, 3:31 PM
Dumb Twitter Controversy: Saudis Whine at Michelle Obama's Lack of Head Scarf
January 27, 2015, 4:57 PM
Google Fixes Homophobic "Bug" in its Translator
January 27, 2015, 2:31 PM
Chris Poole Retires From Role as 4Chan After a Decade of Success, Struggles
January 23, 2015, 1:45 PM
Study Shows People are Dumb as Ever With Passwords, Still Using "123456"
January 20, 2015, 3:19 PM
Site for "Glitter as a Service" Mail Pranks, ShipYourEnemiesGlitter, Launches
January 13, 2015, 2:22 PM
OS X Yosemite Compromises Security by Retrieving Embedded Email Images
January 13, 2015, 11:30 AM
Most Popular Articles
Under the Hood: How DirectX 11.3 and 12 Will Supercharge Windows 10 Gaming
January 23, 2015, 12:34 PM
Microsoft Shows Off Latest Windows 10 Build, Preps it for Next Week Release
January 21, 2015, 2:57 PM
BlackBerry CEO Claims Devs are Violating Net Neutrality by Not Supporting BB10
January 22, 2015, 4:37 PM
2016 Cadillac CTS-V Packs 640 hp Punch with 200 mph Reach
January 23, 2015, 3:25 PM
Will Google Become America's Fifth Major Carrier?
January 22, 2015, 12:42 PM
Latest Blog Posts
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
More Blog Posts
Copyright 2015 DailyTech LLC. -
Terms, Conditions & Privacy Information