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
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
And today well see them move very quickly through all of this. First the house will have their vote today around the 1 00 hour. It will pass through. Send it over to the senate. There will be ten hours of debate in the senate, some time could be yielded back to quicken up the pace of all of this but likely the senate will be voting late tonight or early tomorrow morning. This sets up the final bill for President Trumps signature to his desk at some point on wednesday. In this hour well likely hear from speaker of the house paul ryan, a big day for him a big moment for him and certainly a big legislative win for the trump white house, the first legislative victory of the trump administration, not the least of is the first rewrite of the tax code in more than 30 years. With us now political director david chalian, a big legislative win, but the American People saying in our polling that they dont want this kind of win. They dont actually like this tax bill, david . Thats right, john. Tak