Ron Paul: Let's Call This What It Is—An Internet Tax MandateSubmitted by Ed Thinking on Thu, 03/28/2013 - 09:58
Last week, during a series of Senate votes on the budget resolution, a majority of senators voted for an amendment endorsing the so-called "Marketplace Fairness Act." The underlying Act has nothing to do with fairness and everything to do with enriching large companies and bloated state governments, while harming small businesses, taxpayers, and consumers.
The National Internet Tax Mandate, as Campaign for Liberty refers to the bill, would impose costly regulations on our nation's job creators at a time when the economy is still struggling and millions of Americans are out of work. Businesses would be forced to become tax collectors in compliance with thousands of tax jurisdictions, and any increased operational costs would be passed on to consumers in the form of higher prices.
It is unfortunately no surprise that some of the nation's most powerful businesses are lobbying hard for this legislation. While these companies can afford to absorb the additional burden imposed by this bill, their smaller competitors cannot.