Bill would add sales tax if approved in Washington
We all like the convenience of shopping online, but if Washington gets its way, one of those conveniences could vanish.
The Senate voted to debate a bill that if passed would demand that retailers collect sales tax for online purchases. Texas Congressman Steve Stockman told KTRH he can see both sides of the issue.
“A tax increase would cause people to shop online but others argue it would level the playing field between online retailers and brick and mortar stores,” Stockman said.
Stockman says if a vote were to be held today he would not support the measure.
“I would not be in favor of the current bill. I understand they are going to make some modifications. Until we see the final bill we are looking at all of the different options,” Stockman explained.
Stockman does say that Texas could use the extra revenue since there is no income tax in the state.
How would this bill affect online retailers? Analyst Jodi Furman told KTRH they'll be just fine.
“I think there so many conveniences and reasons to shop online other than price,” Furman said.
“I don’t think it’s going to kill online shopping. Even with taxes, it’s still going to be more convenient and less expensive.”