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Not just Obamacare and the fiscal cliff... Congress is fighting to levy another new tax before year-end

 
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11/28/2012 06:54 PM
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Not just Obamacare and the fiscal cliff... Congress is fighting to levy another new tax before year-end
Retail groups are increasingly confident that they have the votes to pass a federal online sales tax in the final weeks of the 112th Congress if they can secure time on the legislative calendar, reports Politico.

With less than five weeks to go in the year, supporters are concentrating most of their efforts on the Senate, where a measure giving states greater latitude to collect sales taxes from online purchases has a powerful backer in Majority Whip Dick Durbin (D-Ill.), says Politico.

Both the Senate and House proposals would allow states to collect sales taxes from Internet retailers located in other states, an approach that also has been backed by prominent GOP governors, such as Cato favorite Chris Christie.

Politico continues:

Lawmakers could easily remain in Washington until they have to vote on a broad tax and spending deal, meaning there could be time for an online sales tax to get a standalone vote in the Senate. A measure could be tacked onto any fiscal-cliff deal negotiated between the White House and Congress...

[link to www.economicpolicyjournal.com]

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