The House voted 405-2 to extend the tax ban on internet access for another four years. The ban was originally passed in 1998 and renewed in 2004. "The moratorium bans taxes on internet access, double taxation- by two or more states or other entities- of a product or service bought over the internet, and discriminatory taxes that treat Internet purchaces differently from other types of sales"(New Jersey Star-Ledger, 10/17/07).
"By voting to continue the tax moratorium, the House will help promote innovation, affordable Internet access, and broadband services for American consumers and businesses," said:
The Ghost of Ronald Reagan?
Nope. That was Democratic House Speaker Nancy Pelosi! The same Nancy Pelosi who, along with her party, is itching to raise income, dividend, and capital gains taxes, thus stifling innovation and raising the cost of goods and services "for American consumers and businesses".
Added Rep. Mel Watt, another Democrat, "This bill is pro-consumer, pro-innovation and pro-technology."
What's going on here? Democrats talking about zero taxes on something? Embracing "supply-side economics"? Recognizing the harmful affects of taxes on economic incentives?
Well, maybe not quite. They did shoot down a Republican bill to permanently block internet taxes. And silicon valley is in California and is a major contributor to the Dems. And next year is the election.
But, hey, we'll take it.