Senators Vow To Renew Bid For State Taxes On Remote Internet Sales 268
jfruh writes "A bipartisan group of U.S. Senators are working hard to make it legal for U.S. states to collect sales tax on any sales made to their residents, even if the sellers live elsewhere. They tried to add an amendment making the change to an unrelated defense appropriations bill, but the attempt was defeated. They have vowed to try again."
Re:Um... (Score:5, Interesting)
You mean the last fifteen years where spending has gone from 1.6 trillion to 3.7 trillion? Where total tax revenue is still at the highest it's ever been? Where we would have an instant surplus if we could simply bring the federal budget down to where it was in 2004?
Re:Where's Grover Norquist when you need him? (Score:4, Interesting)
They want to raise taxes on the "rich" by 1.6 trillion over 10 years. That's about 180 billion a year.
The deficit is well over a trillion a year, but let's just say it's only $1 trillion. That leaves $820 billion left to make up with cuts.
This whole argument over taxing the rich is a waste of time and a distraction. I say let the raise it to where they want and then insist that Obama cuts $840 billion a year.
If he doesn't then, we are just rearranging the deck chairs on that well known ship.
Re:Um... (Score:4, Interesting)