Friday, October 26, 2007

Senate Votes to Keep Internet Tax-Free

Most of us take for granted that our use of the internet -- including our email -- is not subject to tax. The moratorium that has kept the internet tax-free, however, expires on November 1, 2007.

Senate Republicans yesterday passed a seven year moratorium on internet taxes. New Hampshire Senator John Sununu and Republican Senate Leader Mitch McConnell earned praise from the Wall Street Journal for defeating this latest tax ploy (at least in the Senate; the House has yet to vote).

We've watched the internet change our lives -- how we do business, how our children study and how we communicate with one another. This evolution cannot be credited to Al Gore (or to Darwin), but rather to a tax free environment that let entrepreneurs and customers experiment.

Taxes kill innovation. The vibrancy and competitiveness of the American economy requires a ban on internet taxes. A permanent ban would be best, but at the very least, the House should join the Senate in passing the seven year moratorium in time for the president to sign the bill before the old ban expires.

No comments: