New Internet Sales Taxes Will Grow and Expand the Size of Government, Too
By Scott Alexander | The Save Jersey Blog
We stand at a crossroads in America, Save Jerseyans.
Maybe I am the only one who sees it this way, but the Federal Government is poised to grow State Government by seeking to expand taxation of internet sales. The Senate recently passed the Marketplace Fairness Act bill [S-743} by a vote of 69-27 and it is now going to the House. It should be renamed the Government Unfair Act of Expansion. President Obama supports the bill, too.
This is the way I see it: you can pick any U.S. state but let’s take New Jersey as an example. The 2013 proposed budget for New Jersey is $32.1 billion. We have taxes and other revenues equal to that amount to create a balanced budget. If we were to add in $212 million in unrealized internet taxes from 2012 for example, we would grow the budget 6.6%.
In other words, we would grow New Jersey state government by 6.6%.



















Recent Comments