Internet sales tax on the move
On Wednesday, internet sales tax legislation – known as the Marketplace Fairness Act – passed a procedural hurdle with 75 votes in the Senate. The bill got another important boost on Wednesday when the Congressional Budget Office (CBO) ruled that the bill would not increase federal tax revenue. This finding by CBO is important because all legislation that raises revenue is supposed to originate in the House. The CBO ruling clears the way for the Senate to act first.