Senate Signs Off On Marketplace Fairness Act; Online Sales Tax Inches Closer To Reality
Opponents of the Act claim that it puts an undue burden on smaller online businesses who sell to people in multiple states but who are not currently equipped to handle the collecting and reporting of the taxes in each state in which they sell.
“After a rushed legislative process culminating in only one minor amendment being processed out of the more than 50 filed, the Senate finally passed the misguided Marketplace Fairness Act,” says Andrew Moylan, Senior Fellow with the R Street Institute, which has tried to rally opposition to the Act. “By wiping away geographic limits to state tax authority, the bill would impose serious burdens on Internet retail and undermine basic tax policy principles. It is now up to conservative leaders in the House of Representatives to stop this bad legislation in its tracks.”
