WSJ Editorial Board Bashes Adding Online Sales Tax to Spending Bill WSJ Editorial Board Bashes Adding Online Sales Tax to Spending Bill – NTK Network

WSJ Editorial Board Bashes Adding Online Sales Tax to Spending Bill

“Stuffing such an important policy change inside a huge spending bill with little debate would be a political scam.”

By NTK Staff | 03.17.2018 @12:41pm
WSJ Editorial Board Bashes Adding Online Sales Tax to Spending Bill

The Wall Street Journal editorial board bashed the idea of adding the Remote Transactions Parity Act, which would allow states to levy online sales taxes, to the omnibus-spending bill working through Congress, calling the move a “political scam” on Thursday.

The Remote Transactions Parity Act was introduced by Kristi Noem (R-SD), and would “would allow states to require out-of-state online retailers to collect sales taxes for them on purchases made by their residents.”

The proposed legislation has 50 co-sponsors in the House, and a “companion bill” in the Senate has 27 co-sponsors.

The Journal‘s editorial board pointed out that online “purchases make up less than 10% of all retail sales, and only a sliver is untaxed.”

According to the Wall Street Journal:

“Seventeen of the 18 largest retailers on the web by 2016 had already begun collecting sales taxes on all of their customers’ purchases. The exception was home-goods retailer Wayfair.”

“Big retailers like Amazon and Walmart have the resources to comply with disparate tax rules across thousands of jurisdictions. Small businesses don’t. In New York City, all clothing—save jewelry, costumes and some athletic equipment—that costs less than $110 is exempt from sales tax. Chicago taxes bottled water, soda, candy and groceries all at different rates.”

The Wall Street Journal editorial board concluded that “stuffing such an important policy change inside a huge spending bill with little debate would be a political scam. Raising taxes on small business and consumers won’t be a good look for Republicans in November, nor an inducement for investment and growth.”

Sens. Ted Cruz (R-TX) and Ron Wyden (D-OR) are leading a bipartisan coalition of senators who are opposed to the Remote Transactions Parity Act.

A poll conducted by Rasmussen found that 66 percent “of respondents said they opposed a sales tax on items purchased online, even if the store is not located in their state.”

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