Years. It takes it out of medicare and moves it over to the Affordable Care act subsidies. It literally takes money designed for 76yearolds on a fixed income and gives them to 26yearolds and their family making 200,000 a year. Thats the Inflation Reduction Act of 2022. By the way, did i mention again those subsidies land right before the election this fall. This bill is threequarters of a trillion dollars that not a Single Person in this chamber has read, 755 pages of it, that came out a few hours ago. The media, who also hasnt read this bill, continues to be able to talk about what a great plan it is for inflation reduction. They continue to praise the bill, though theyve read the same things, it doesnt reduce inflation, it doesnt reduce the deficit. They joined in the chorus talking about the beauty of the emperors new clothes. Im willing to say what a lot of people in this room know in their gut but theyre afraid to say, it doesnt reduce inflation, it doesnt reduce the deficit, the
Small businesses are also dealing with the impact of 2018s Supreme Court ruling, in this case south dakota versus wayfarer. In the wayfarer decision, the courts gave the greenlight to Small Businesses becoming Tax Collectors when they sell online. Collecting taxes for states even where businesses had no brickandmortar presence. Small businesses had never been responsible for this kind of tax collection before. Almost immediately after the ruling came out, state states across the country became began passing these laws. Speaking out alongside them were those in New Hampshire, montana, also states without sales tax. That is why montana senator has been a leader on this issue. But its not just the burden of states without sales taxes. Its a burden for Small Businesses everywhere. Let me repeat that. It is a burden for Small Businesses everywhere. Sales taxes in america are very complicated. 45 states and different localities have different tax rates, different tax definitions for taxable
Owners and tax experts testified on challenges collecting sales tax for outofstate purchases before the finance committee. It was in response to the 2018 decision that may businesses responsible for collecting sales taxes from state, regardless of where the businesses are located. This is just over an hour and half. Small businesses are also dealing with the impact of 2018s Supreme Court x and the wayfarer decision, they gave the green light for Small Businesses to become Tax Collectors. Collecting taxes for state, even where businesses had no brick or mortar presence. Small businesses had never been responsible for this kind of tax collection before. Almost immediately after it came out, states across the country began taxing passing these laws. Small businesses where the first to speak out about the cost and complexities they were facing for the first time. Speaking out alongside them were those in montana and in those without sales taxes. It is not just a burden in states without sa
Small businesses are also dealing with the impact of 2018s Supreme Court ruling, in this case south dakota versus wayfarer. In the wayfarer decision, the courts gave the greenlight to Small Businesses becoming Tax Collectors when they sell online. Collecting taxes for states even where businesses had no brickandmortar presence. Small businesses had never been responsible for this kind of tax collection before. Almost immediately after the ruling came out, state states across the country became began passing these laws. Speaking out alongside them were those in New Hampshire, montana, also states without sales tax. That is why montana senator has been a leader on this issue. But its not just the burden of states without sales taxes. Its a burden for Small Businesses everywhere. Let me repeat that. It is a burden for Small Businesses everywhere. Sales taxes in america are very complicated. 45 states and different localities have different tax rates, different tax definitions for taxable
Small businesses are also dealing with the impact of 2018s Supreme Court ruling, in this case south dakota versus wayfarer. In the wayfarer decision, the courts gave the greenlight to Small Businesses becoming Tax Collectors when they sell online. Collecting taxes for states even where businesses had no brickandmortar presence. Small businesses had never been responsible for this kind of tax collection before. Almost immediately after the ruling came out, state states across the country became began passing these laws. Speaking out alongside them were those in New Hampshire, montana, also states without sales tax. That is why montana senator has been a leader on this issue. But its not just the burden of states without sales taxes. Its a burden for Small Businesses everywhere. Let me repeat that. It is a burden for Small Businesses everywhere. Sales taxes in america are very complicated. 45 states and different localities have different tax rates, different tax definitions for taxable