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To: MARIO PASQUA who wrote (8946)	4/1/1998 1:30:00 PM
From: LoLoLoLita	Respond to of 27307

what about this one. all that flap about no new net taxes may come to nought--stuck in a big committee, and politics (XCIT didn't date/time stamp the article, but it came out today) ((Oh, and XCIT is up 3, 5%+, today)): -------------- Battle over Internet taxes heats up WASHINGTON (Wired) - The battle over just how the Net will not be taxed heated up Tuesday with the introduction of a new Senate bill that would guarantee the computer industry has a voice on the issue. The bill's authors, Republican Judd Gregg of New Hampshire and Democrat Joseph Lieberman of Connecticut, told reporters that their formal 15-member panel would have to include an equal number of representatives - six each - from the computer industry and from state and local governments. The remaining three would be appointed by the president. By contrast, a moratorium bill introduced on behalf of Rep. Christopher Cox (R-California) and backed by a number of governors calls for a formal panel of 29 members, 14 of whom must represent state and local governments and 12 of whom must represent business and consumers. Cox's bill does not require that the business representatives come from the computer industry. Both bills, as well as one by Senator Ron Wyden, (D-Oregon), have the same general goal: impose a moratorium on new taxes specific to Internet services. The Cox and Gregg-Liebermann bills call for a three-year pause in Net taxation while the issue is studied; the Wyden bill prescribes a six-year waiting period. State and local governments have opposed the moratorium idea on the grounds it could block access to a key source of revenue as more and more commerce takes place online. In answer to that complaint, Cox agreed last week to amend his bill to exempt existing state and local Net taxes. That compromise has not sat well with Wyden, and the Gregg-Lieberman bill includes no such exemption. The new bill's authors rejected another Cox proposal: Allowing the tax-study panel would consider ways to standardize taxation of mail-order and telephone sales. (Reuters/Wired)