Passed by the Senate 67 to 28 today. Next step House and soon to become the law. Not enough votes in the House to deny it. This will take away the playing field advantage of 7%-10% SALES TAX that big ONLINERS like AMZN and EBAY had. No more show rooming for BBY and it will get to $30 by June..No soup for you BOZO.. Come back after one year...LMAO.!!
They're going to have a huge problem getting that bill through the House, made up of a GOP majority. "Boehner, in an interview yesterday on Bloomberg Television, when asked whether he could support the online sales tax measure, said, “Probably not.” When asked why, he cited the burden on small businesses, saying “Moving this bill where you’ve got 50 different sales tax codes, it’s a mess out there.”
They might filibuster it like they did with the gun control backround checks, which they ultimately voted against, and it was a sensible bill like this one. Too conservative.
Sentiment: Strong Sell
Republicans are still clinging to antiquated ideas of what the country was when they were young. They need to realize it's a new world and everyone can't have all the same freedoms their grandparents had.
They boycott everything. They just voted to boycott Gina McCarthy, who was appointed to head up the EPA. They won't vote "yes" for anything unless it was their idea. That's why our government is so dysfunctional. Instead of doing what's best for the citizens, they do what's best for their political party, and it's all a power play.
NO The new tax will hurt smaller online retailers and all stores, except the largest, that also have on online presence. None but the largest will be able to properly calculate and pay the tax to more than 9,000 tax jurisdictions, each with it's own set of rules and regulations. They will have to contract with a third-party to submit these taxes, just as many small and medium sized businesses use a payroll service. And who offers this third-party service? Amazon.
Well they say the MPFA will hurt small onliners and they should not have to pay sales tax. But there are 10,000 times more smaller mom and pop brick-and-mortar stores whose revenues are well under $2,000,000 and they barely net $100,000 or under and they have to unfairly compete with even smaller Onliners who can charge 6%-10% less if they don't have to pay ST and take away the mom and pop store's business. What about them????????So the playing field MUST be leveled .... small or big onliner. If this MPFA becomes finally a law and it will, AMZN's( Bozo) stock will go down eventually to under $50. If they can't EVEN make any money with this playing field advantage they had.. how they are going to deal with if they must collect the sales tax??. People will go to stores and buy more and more there instead online. The SHOWROOMING will be DEAD.
Good luck with that. Look at this quote from the Republican Leader of the House: "Boehner, in an interview yesterday on Bloomberg Television, when asked whether he could support the online sales tax measure, said, “Probably not.” When asked why, he cited the burden on small businesses, saying “Moving this bill where you’ve got 50 different sales tax codes, it’s a mess out there.”
Boehner’s lack of support for the measure emphasizes the difficulty it will have winning passage, especially in its current form.
It ain't gonna be easy...
The bill got bipartisan support in the Senate BUT faces opposition in the House, where some lawmakers regard it as a tax increase. Grover Norquist, the anti-tax advocate, and the conservative Heritage Foundation oppose the bill, and many Republicans have been wary of crossing them.