By Kyle Perisic
An internet sales tax would cost consumers billions of dollars, kill American jobs by forcing online retailers out of the country, and would be a boon to China’s internet retail giant, opponents say.
“The internet is the great equalizer,” Sen. Ted Cruz, R-Texas, said Tuesday. “The internet has democratized small business. Unfortunately, wherever freedom flourishes, Washington gets nervous. And almost inevitably, regulators and tax collectors see people prospering on the internet, and they want to tax it, regulate it, and otherwise stifle its growth.”
“That would be a serious, serious mistake,” said Cruz. “One of the critical reasons the internet has flourished and driven the economy worldwide is that it has been free of taxes and free of unnecessary government regulations.”
In a press conference Tuesday, Cruz was joined by Sens. Steve Daines, R-Mont., and Ron Wyden, D-Ore., and the leaders of several conservative-leaning nonprofits, in speaking out against a proposal to authorize states to add a sales tax to online purchases.
The debate over whether or not to add an online sales tax commenced five years ago, but the proposal failed. The debate is resuming now, thanks in part by President Donald Trump’s support for the tax and a bill sponsored by Rep. Kristi Noem, R-S.D.
Trump wrote in a tweet in August that online retailers such as Amazon.com are hurting the economy and costing jobs, and Noem’s bill, the Remote Transactions Parity Act, could be added to an omnibus spending bill that Congress must pass by March 23.
Amazon is doing great damage to tax paying retailers. Towns, cities and states throughout the U.S. are being hurt – many jobs being lost!
— Donald J. Trump (@realDonaldTrump) August 16, 2017
The Remote Transactions Parity Act would allow states to require out-of-state …read more
From:: Daily Signal – Feed