COMS & the Ghost of USRX w/ other STUFF Message Board

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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF

COMS 0.00130

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Nov 7 11:47 AM EST

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To: jhild who wrote (14044)	3/19/1998 11:15:00 PM
From: Moonray	Read Replies (1) of 22053

No confusion here, JUST BAD NEWS: US lawmaker, governors agree on Internet tax bill - Thursday March 19 3:46 PM EST WASHINGTON, March 19 (Reuters) - U.S. Rep. Christopher Cox said today he has reached agreement with state leaders on a revised Internet tax bill that will enable the measure to clear the House before Congress adjourns for Easter. The pact, which is opposed by a key Senate sponsor of Internet tax legislation, would mandate a three-year "time out" on state and local taxes that target the Internet and electronic commerce. This is a "major victory for taxpayers," said Cox, a Republican from California who originally called for a six-year moratorium on Internet taxes. But in response to concerns raised by the National Governors' Association and other state and local groups, he narrowed the moratorium to three years and made other revisions, all opposed by Senate bill sponsor Ron Wyden, Oregon Democrat. The bill would ban for three years taxes on Internet access and online services, bit and bandwidth taxes, and any multiple or discriminatory taxes on electronic commerce. The only good tax is a dead tax.<g> o~~~ O

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