Politicians Posture Over Who Hates Net Taxes Most
A political war is brewing between Democrats and Republicans over who loves the New Economy more. And one of the biggest battlefields is likely to be who hates net taxes the most. Current law already bans any new Internet taxes before October, 2001, but Y2K is an election year and Republicans are preparing a proposal to extend the moratorium an extra five years. That would trump the three-year extension already called for by Richard Gephardt, the head Democrat in the House of Representatives.
Gephardt has also called for a ban on Internet-access taxes and a rollback of a federal 3% telecommunications charge that plagues most phone bills.
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