Chambers of Commerce Urge Virginia Congressional Delegation to Pass Budget, Raise Debt Limit
22 Chambers Signed Letter to Delegation on October 10, 2013
Richmond, VA— Today, the Virginia Chamber of Commerce, joined by 21 Chambers of Commerce from across the Commonwealth, signed a letter to Virginia's Congressional delegation urging members to work together to reach a deal on the pending passage of a budget, as well as to act expeditiously to raise the nation's debt limit. In the letter, the Chambers highlight the negative impact that these two issues will have on Virginia's business community and on the economy as a whole.
"With such a significant portion of Virginia's economy tied to federal spending, the risk for damage to the Commonwealth's economy is especially high," said Barry DuVal, President and CEO of the Virginia Chamber of Commerce. "Virginia's business community is sending a unified message that uncertainty in Washington is and will continue to be harmful to Virginia's economy. We urge our leaders to work with others to pass a budget and raise the debt limit."
In the letter, the Chambers state:
"We understand the importance of restraining federal spending to reduce budget deficits, contain the growth of federal debt, and thereby re-establish fiscal discipline in the near-term and for the long haul. However, it is not in the best interest of the business community or the American people to risk further harm to an already fragile economy. Virginia's economy is especially susceptible to damage, with approximately 30 percent of the Commonwealth's economy tied to federal spending... The federal government must resume its normal operations. Likewise, we respectfully urge Congress to raise the debt ceiling in a timely manner and remove any threat to the full faith and credit of the United States government."
The Virginia Chamber of Commerce is the state's largest business advocacy organization with more than 14,500 members. As the voice for business, the Chamber works in the legislative, regulatory and political arenas to act as a catalyst for enhancing Virginia's economic competitiveness and pro-business climate.
House Judiciary Committee Releases Principles on Internet Sales Tax
September 18, 2013
Washington, D.C. – Today the House Judiciary Committee released basic principles pertaining to the issue of Internet sales tax. To develop these principles, the Committee received input directly from taxpayers, industry and trade groups, and representatives of state and local governments. The principles are intended to guide discussion on this issue and spark creative solutions. Chairman Bob Goodlatte (R-Va.) and Subcommittee on Regulatory Reform, Commercial and Antitrust Law Chairman Spencer Bachus (R-Ala.) issued the following statements.
Chairman Goodlatte: "Americans across the country are affected by the issue of Internet sales tax whether they are consumers or business owners. The aim of the principles is to provide a starting point for discussion in the House of Representatives. I greatly look forward to hearing fresh approaches to this issue and continuing the discussion."
Subcommittee Chairman Bachus: "The principles issued by Chairman Goodlatte provide a thoughtful framework for discussion on the Internet sales tax issue. As chair of the subcommittee with jurisdiction over Internet tax issues, I appreciate that the Chairman is giving it serious consideration."
Basic Principles on Remote Sales Tax
1. Tax Relief – Using the Internet should not create new or discriminatory taxes not faced in the offline world. Nor should any fresh precedent be created for other areas of interstate taxation by States.
2. Tech Neutrality – Brick & Mortar, Exclusively Online, and Brick & Click businesses should all be on equal footing. The sales tax compliance burden on online Internet sellers should not be less, but neither should it be greater than that on similarly situated offline businesses.
3. No Regulation Without Representation – Those who would bear state taxation, regulation and compliance burdens should have direct recourse to protest unfair, unwise or discriminatory rates and enforcement.
4. Simplicity – Governments should not stifle businesses by shifting onerous compliance requirements onto them; laws should be so simple and compliance so inexpensive and reliable as to render a small business exemption unnecessary.
5. Tax Competition – Governments should be encouraged to compete with one another to keep tax rates low and American businesses should not be disadvantaged vis-a-vis their foreign competitors.
6. States' Rights – States should be sovereign within their physical boundaries. In addition, the federal government should not mandate that States impose any sales tax compliance burdens.
7. Privacy Rights – Sensitive customer data must be protected.
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