Bill To Block Internet Taxes Heading To President

MoneyA bill that would ban taxes on the cost of internet service is on the way to President Obama. It was included as part of a trade bill passed by Congress last week.  South Dakota Senator Mike Rounds says the bill will hit state tax revenues…

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Rounds says he would have supported the cut if it was combined with expanded taxes on internet sales…

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Rounds says local businesses take losses from people buying online…

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The “Marketplace Tax Fairness Act” or internet sales tax is gaining support in Congress, but hasn’t been able to muster a majority yet.