Net Gain -- Or Loss?
Congress tackles the issue of Internet taxes.
Entrepreneur advocacy groups are lining up in support of the Internet Tax Freedom Act, which is already halfway out of the congressional station on its way to 1600 Pennsylvania Ave. The bill would prohibit state and local governments from imposing new taxes on monthly access charges from ISPs.
Sen. Ron Wyden (D-OR) and Rep. Christopher Cox (R-CA), the sponsors of nearly identical bills (S.442 and H.R. 1054, respectively), fear local governments will kill the wave of emerging Web-based businesses by taxing them and their ISPs to death. Although some groups oppose the Internet Tax Freedom Act, their opposition has lost some of its edge, especially since the Clinton Administration has voiced its strong support of the act, which could go before Congress within the next few weeks.
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