Friday, March 23, 2018

Internet Sales Taxes Are Just Another Government Money Grab

The government is coming for your money. Again. House Republicans and Democrats are considering a bill by South Dakota Congresswoman Kristi Noem which would force online businesses to charge an Internet sales tax and force states to adopt online sales tax rules. The Republican’s proposal, which has dozens of co-sponsors including known free marketers John Conyers and Jan Schakowsky (note sarcasm on the term “free marketers), would also set an online threshold at $10M for year one and $1M by year three meaning it would start taking cash from giants like Amazon and quickly make its way down to smaller businesses. The legislation stems from a lawsuit involving South Dakota and retailer Wayfair over online purchases, and an attempt to basically kill the 1992 Quill v. North Dakota Supreme Court ruling where justices found states could not force businesses to collect a sales tax on online purchases.
WATCH VIDEO: Trd Cruz is against it and tells why
Noem is defending her bill by saying it would keep small businesses operating.
“The reality is that brick-and-mortar retailers, which provide thousands of jobs in our hometowns, have been closing at an alarming rate. State and local governments are similarly imperiled. Facing budget crises due to out-of-state retailers avoiding sales tax collection, states and localities are forced to raise taxes or consider levying new taxes, even after dramatically reducing spending. My legislation would remove the out-of-state retailer’s competitive advantage and level the playing field for our Main Street businesses. Moreover, it would protect small businesses and citizens alike from aggressive audits by out-of-state governments. The time for action is now.”
Read the rest of the story HERE and follow link below to a related story:

Opponents Aim to Keep Internet Sales Tax Out of Omnibus Spending Bill

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