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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Mr. BSL who wrote (11859)	2/11/2000 9:41:00 AM
From: Allan Harris	Read Replies (3) \| Respond to of 15132

Question: What is your position on the current moratorium on Internet sales taxation? Answer: The Internet is the greatest engine of economic growth of our time. As this new medium begins to realize its tremendous potential, we must resist the temptation to hamper its growth with old ways of thinking that no longer apply. We must resist the temptation to choke off the Internet's tremendous capacity by imposing taxes on those who use it. Earlier this year, I introduced legislation calling for a permanent ban on Internet taxation. As President, I would make it one of my highest priorities to make sure the Internet remains a tax-free zone. I was interested to read in Manchester Union Leader that Governor Bush does not share my belief in keeping the Internet free of taxes: The Union Leader correctly notes that the technology industries have 'revived a faltering economy'. So I ask Governor Bush and the other Republican candidates for President to join me in taking the hi-tech version of the New Hampshire tax pledge. A temporary three-year ban has been a good start, but we must do more. It's time for us to take the next step and work together for a permanent ban on Internet taxes. Many state and local elected officials have argued that Internet taxation is a necessity. They believe that state and local governments will lose sales tax revenue to on-line merchants. But studies show that the first year of the current temporary Internet tax ban has resulted in a significant net increase in sales tax revenues. It's clear that the surge in e-commerce has resulted in an overall increase in consumer activity and economic growth. We must do everything we can to see that this growth continues without interruption. American shoppers will spend more than $4 billion online this holiday season. It is estimated that more than $4 trillion in on-line commerce will be conducted by 2003. The single most effective way to choke off that enormous economic growth would be to impose unnecessary and burdensome taxes on Internet users. mccain2000.com A