Enzi's 'Marketplace Fairness Act' a Trojan horse
If passed, the MFA will increase taxes as “multiple jurisdictions lay claim to the same transaction and demand payment,” said IPI's Bartlett Cleland. The proposal “does away with any requirement that a business have a physical connection in a jurisdiction before it can be required to levy taxes on its sales.”
Wyoming U.S. Sen. Enzi: Online sales tax isn't new tax
IPI's Bartlett Cleland says the Marketplace Fairness Act would compel businesses to comply with every single tax code in the nation if they want to sell their goods everywhere. And noncompliance could mean a costly audit from the states where sellers are sending their products.
Taxman Eyeing Cable Services
Nearly a half-dozen tax proposals affecting Internet operations are expected to appear on the congressional agenda, with many of them affecting broadband and cable services.
Cable and Satellite Providers Square Off Over Tax Break
Tom Giovanetti testified before state legislators in favor of the tax break for cable customers, saying there was a “gross disparity” in the taxing of satellite and cable. “We want the winners to be determined by who has the best product offerings, not by some historical quirk or glitch in the tax code that no one got around to fixing because it was hard.”
George P. isn't sounding like a land commissioner candidate
America needs a new energy policy, tax structure and education system, George P. Bush of Fort Worth told a luncheon audience Friday. But does that really sound like somebody running for Texas land commissioner?
Fiscal deal makes social programs more vulnerable
The lack of spending cuts in legislation that averted the fiscal cliff will place enormous pressure on entitlement programs such as Social Security, Medicare, Medicaid, and even the president’s new heath insurance plan when negotiations begin in coming weeks to reduce the deficit, analysts said Wednesday.
Stand by that pledge
Stand fast, keep your promise, says a coalition of interest groups, including IPI, that implore lawmakers not to waver on the Taxpayer Protection Pledge, even as Democrats and select Republicans insist that the only alternative to the "fiscal cliff" is instant compromise. Not so, says the coalition.
High Tax Rates Drive Jobs Overseas
When it comes to the issue of lowering the corporate tax rate, Tom Giovanetti of the Institute for Policy Innovation says Sweden shows more understanding than the U.S., which maintains the highest rate among developed countries.
Capitol Hill
Sens. Dick Durbin and Mike Enzi are "pro-taxers" who are "trying to avoid a debate on the merits" of an e-commerce sales tax bill by adding it as an amendment to the Small Business Jobs and Tax Relief Act, the Institute for Policy Innovation said Wednesday to Communications Daily.