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Politics : Formerly About Advanced Micro Devices
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To: combjelly who wrote (284801)4/19/2006 9:37:14 PM
From: longnshort  Read Replies (1) of 1576346
 
A hundred and seven years ago, in 1898, the federal government began levying a temporary 3 percent excise tax on telephones, ostensibly to fund the Spanish-American War.



Flash forward to 2005 -- and every American with a telephone is still paying this "temporary" tax. The war was over after just a few months, but the tax has been in effect for over a century. On top of that, the tax does not go for any specific purpose. Rather, the funds are simply added to the general fund.



Congress attempted to repeal the tax in 2000. Both the House and the Senate passed legislation to eliminate the tax -- it was a 420-2 vote in the House -- but then-President Bill Clinton vetoed the bill when it reached his desk.
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