Tuesday, August 14, 2012

From Forbes Online

  1. Touchboards.com President Richard Wagner said, “This act should be called the States Need More Money ACT. If at the federal level any new tax collected or deduction repealed is called a tax increase, then this is certainly the biggest tax increase on the middle class in over two decades. On a positive side this should create jobs. If this passes the states will hire thousands of auditors to call on and investigate small Internet vendors across the country.”
  2. Bolingbrook, Illinois-based Power Equipment Direct Founder and CEO Jon Hoch argued, “The Main Street Fairness Act has little to do with Main Street or fairness. Small retailers have every right to build e-commerce sites and start competing today. It’s actually about Big Boxes lobbying politicians, complaining that they aren’t big enough already.”
  3. El Segundo California based pcRUSH.com Founder and COO Frank Khalili says, “By the very nature of the model, Internet Retailers support an enormity of jobs and tax revenue. For example, when factoring the cost of shipping (which in itself goes a long way in leveling the playing field), there is an entire machine that creates jobs, pays fuel taxes, state and local taxes, payroll taxes, and in general contributes mightily to the coffers of all communities involved in the transaction.” Quoted from Forbes Online

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