In May, the Senate passed the Marketplace Fairness Act, a bill purporting to level the playing field between brick and mortar stores and online businesses by requiring Internet retailers to charge consumers state sales taxes across the 50 states. Some supporters say this will bring in “lost” revenue owed by out-of-state vendors and encourage growth of traditional retail, while opponents argue it’s an unconstitutional money grab by politicians that will hurt small businesses through high compliance costs.
With Congress’ summer recess fast approaching, both supporters and opponents are keeping an ear to the ground for House activity on the bill. If the House votes and the MFA is approved, what will this mean for consumers and businesses? What implications would a “yes” vote have for politicians seeking reelection in 2014? If the bill is not taken up, what does its future look like in the next session?
Please join AFF for a Policy Roundtable that will take a closer look at the MFA and discuss the future of this controversial bill.