The Internet's Perfect Storm | |
Heavenly Alchemy (OP) User ID: 59866679 United States 07/04/2014 05:00 AM Report Abusive Post Report Copyright Violation | H.R. 3086, Permanent Internet Tax Freedom Act H.R. 3086 would make permanent a moratorium on state and local taxes on Internet access and some taxes on electronic commerce. Under current law, the moratorium is set to expire on November 1, 2014. CBO estimates that enacting H.R. 3086 would have no impact on the federal budget, but beginning in 2014, it would impose significant annual costs on some state and local governments. The bill would not affect federal direct spending or revenues; therefore, pay-as-you-go procedures do not apply. By permanently prohibiting state and local government from collecting certain types of taxes, H.R. 3086 would impose an intergovernmental mandate as defined in the Unfunded Mandates Reform Act (UMRA). CBO estimates that the mandate would cause some state and local governments to lose revenue beginning in November 2014; those losses would exceed the threshold established in UMRA for intergovernmental mandates ($76 million in 2014, adjusted annually for inflation) beginning in 2015. CBO estimates that the direct costs to states and local governments would probably total more than several hundred million dollars annually. The bill contains no private-sector mandates as defined in UMRA A link to read the full Bill: [link to www.cbo.gov] Last Edited by Heavenly Alchemy on 07/04/2014 05:05 AM |
Bambi2U User ID: 59267018 United States 07/04/2014 05:08 AM Report Abusive Post Report Copyright Violation | |
Heavenly Alchemy (OP) User ID: 59905950 United States 07/04/2014 05:17 AM Report Abusive Post Report Copyright Violation | |
Heavenly Alchemy (OP) User ID: 59906033 United States 07/04/2014 05:25 AM Report Abusive Post Report Copyright Violation | Given the potential downside from the risk of increased Internet regulation and taxes, policymakers need to prevent this confluence of events. Congress is mulling over the Permanent Internet Tax Freedom Act, which would extend the tax moratorium indefinitely. On the Net Neutrality issue, the FCC needs to take a break from writing and promulgating new Internet regulations, at least until they can identify some serious violation that would require some regulatory remedy, rather than anticipating the potential for market failure. These actions would provide broadband consumers with adequate shelter from the storm. Read more: [link to thehill.com] Sounds like we need to contact all reps and the FCC too: (It does work as GLP has learned from the past) Reps contact info (to support, I think): [link to www.usa.gov] FCC contact info (hit the road Jack): [link to www.fcc.gov] Last Edited by Heavenly Alchemy on 07/04/2014 05:55 AM |
somany toasters User ID: 59139500 United States 07/04/2014 05:27 AM Report Abusive Post Report Copyright Violation | |
Heavenly Alchemy (OP) User ID: 7549216 United States 07/04/2014 05:53 AM Report Abusive Post Report Copyright Violation | It seems this is one bill to support. The FCC though, we should tell to stop what they are trying to do. Last Edited by Heavenly Alchemy on 07/04/2014 07:30 AM |
Heavenly Alchemy (OP) User ID: 44599533 United States 07/04/2014 07:31 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 59433560 United States 07/04/2014 07:59 AM Report Abusive Post Report Copyright Violation | |
Heavenly Alchemy (OP) User ID: 37167826 United States 07/04/2014 09:58 AM Report Abusive Post Report Copyright Violation | |
jimmy jones User ID: 59515185 United States 07/04/2014 11:06 AM Report Abusive Post Report Copyright Violation | the Fucking Communist Communications department needs put out of business... if they get their dirty little hands on the internet....radio shows and broad casts will be hit first no more saying fuck you to establishment.... i vonder if they have any contracts they failed to hold their end of the contract...i bet they do the fcc is an unconstitutional organization....they take away freedom of press and freedom of speech and tax us all for it |
Anonymous Coward User ID: 57529793 United States 07/04/2014 01:06 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 33435073 United States 07/04/2014 01:24 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 54813749 United States 07/04/2014 02:59 PM Report Abusive Post Report Copyright Violation | Snippet is less than 50%. Quoting: Heavenly Alchemy As the first hurricane moves along the U.S. coast, there is another potential catastrophe coming and it’s not really on anyone’s radar. On the one hand, the FCC is looking to impose net neutrality regulations in the name of protecting the open Internet, even if it means reclassifying the Internet as a regulated public utility. At the same time, the Internet Tax Moratorium, which prevents state and local governments from imposing new taxes on Internet access services, is set to expire on November 1, 2014. Unknown to most pundits and policymakers, the confluence of these two issues could lead to devastating consequences that will inhibit Internet investment, significantly increase consumer broadband prices, and decrease service subscribership. Completely ignored from these policies discussions, however, is the fact that reclassifying ISP services to common carrier-style telecommunications regulation would expose broadband services to existing state and local tax laws that are specifically designed to target “regulated” and “telecommunications” services. At the same time that this is happening, the Internet Tax Moratorium is set to expire, which would allow state and local governments to impose new and additional taxes on broadband access. If the current state and local taxes imposed on wireless service consumers are any indication of what is to befall broadband consumers, state and local taxes will rise significantly and so will broadband costs. Today, wireless taxes already exceed taxes on other telecommunications services, with consumers living in six states paying more than 20% in taxes on their wireless bills or about three times the rate of sales taxes. The combination of FCC reclassification and the expiration of the Internet moratorium will mean the end of the growing Internet as we know it. It will be the perfect storm. Read more: [link to thehill.com] as government has no internet interest other than taxation and survelliance, any means to restrict business meet with a minimum of support in congress. regulation is strictly for ensuring taxation compliance. |