With final votes in the US Senate looming on the so-called “Marketplace Fairness Act”(S.743) a groundswell of consumer groups, lawmakers, business leaders and other concerned citizens is rising up against Congress rushing to pass a new, ill-conceived tax on web-enabled small businesses.
These varied entities understand the harm this Act could bring to our economic recovery. In total, they all add up to a grassroots voice trying to tell Congress that “we are here” and that the economic impact of such a new and protectionist scheme deserves serious deliberation before it is thrust upon consumers and small and micro-businesses trying to survive.
Worse yet, Internet Sales Tax proposals currently being considered contain definitions of small business entirely out of step with commonly accepted definitions. The Small Business Administration defines a small business in this industry as $30 million in annual revenue. The Internal Revenue Service defines a small business at $20 million in annual revenue. The Marketplace Fairness Act arbitrarily defines a small business as having $1 million in revenue.
Companies with more than a few employees would be punished by this tax scheme, which inadequately protects most small businesses from having to comply with costly and complicated requirements. A truly robust small business exemption is critical to the continued success of small businesses and entrepreneurs. It is what will jumpstart this nation’s economy and create an environment for job growth and economic development.
For more information about the WE R HERE coalition and its members, visit www.werherecoalition.org.
Interviews available with WE R HERE and small business leaders across the country.
WE R HERE is a coalition comprised of small business retailers around the country who are using the Internet and are coming together to ensure government policies are enacted that create a fair marketplace for all types of retail businesses to thrive and innovation to prosper. WE R HERE gives small business online retailers a unified voice, demonstrating to government policy makers and opinion leaders the positive role of online small business retail in the 21st Century economy. The coalition effort mobilizes online retailers to work together to protect them from misguided and predatory laws and regulations that could kill jobs and undermine innovation.
- Small Businesses
- Politics & Government
- Marketplace Fairness Act
Michael Causey, 310-923-3526