The past cannot be changed. The future is yet in your power. – Mary Pickford
Welcome to Terrific News Tuesday (TNT)!
In case this is your first time reading TNT, this column is all about good news. I know it’s hard to believe, but I won’t be complaining or criticizing anyone or anything in this column today – just writing about some terrific news that caught my attention!
Here is some of the good stuff in this edition of TNT:
As expected, the U.S. Senate yesterday passed the “Marketplace Fairness Act of 2013” (S. 743). I wrote a commentary about the bill yesterday morning.
According to a website that was created to promote the bill, if passed the bill “grants states the authority to compel online and catalog retailers (“remote sellers”), no matter where they are located, to collect sales tax at the time of a transaction.”
In my opinion, it’s a tax increase no matter how they spin it.
S. 743 passed the senate 69-27. Four senators did not vote. There were 22 Republican senators who voted for the bill (and to increase taxes) which is ironic since Republicans supposedly hate taxes. Here’s a list of the “Yea” and “Nay” votes on passage of the S. 743 with “Yea” votes a vote to increase your taxes:
Many readers may remember an e-mail floating around the web several years ago about a bill, called 602P, which would allow the Federal Government to collect a five cent surcharge on every e-mail received. According to the information contained in the e-mail, the Feds would charge your internet service provider who in turn would charge your account five cents for the e-mail. The money would be used to help the Postal Service. That e-mail was false and there was no bill called 602P, but it did generate a lot of anger from the wild and untamed World Wide Web users.
Fast forward to 2013 and there’s a bill in the United States Senate called the “Marketplace Fairness Act of 2013” (S. 743) which, according to a website supporting it, “grants states the authority to compel online and catalog retailers (“remote sellers”), no matter where they are located, to collect sales tax at the time of a transaction.”
Unlike 602P, S. 743 is an actual bill. Maybe they should call it the “Tax Increase and Burden on Small Business Act?”
Happy Tuesday! As a veteran I always enjoy writing about military and veterans issues! Today I write about the Montana Legislature and HB 49, Congressman Daines hires military/veterans staffers, the Montana GOP, Chuck Hagel, and much more!
House Bill (HB) 49:
Sometimes the Montana Legislature does something good, and when they do I like to write about it (I like to write about the stupid things, too). A bill (HB 49) which is “An Act Exempting Military Pension or Retirement Income and Survivor Benefits from State Income Taxation” is making its way through the legislative process. The bill was introduced by Representative Pat Ingraham (R).
What troubles me is the number of votes against the bill. In the House Taxation Committee it passed 12-8. On second reading it passed 57-43. If my tabulation is correct, 36 Democrats and seven Republicans voted against the bill (and against military retirees and military survivors).
In case you are lacking knowledge about the “Fiscal Cliff” the Wall Street Journal’s David Wessel posted a video explaining it back in October. You can watch “Everything You Need to Know About the Fiscal Cliff’ by clicking HERE.
Today’s Poll Question: “Do you think Congress and the White House will come to an agreement before the United States reaches the “Fiscal Cliff” on January 1, 2013?”
And there it was….on Monday the United States Federal Government reached the limit on how much money it can borrow.
Have no fear! Our Treasury Secretary Timothy Geithner (who has been known for not paying a few bills in his lifetime) is shuffling around some money (kind of like paying off your Visa with your American Express credit card) and that pushes the inevitable back to August.