Texas lawmakers are including an Internet sales tax provision in SB1, a revenue generating bill; defying Governor Rick Perry’s veto on the Internet sales tax bill last month. Governor Perry has stated that he strongly disagrees with the provision and wants it removed.

“I urge lawmakers to remove the Internet sales tax language from SB1.

F.A.

Democracy and Power 105:  The Politician seeks power

Dreams and impatience have always driven men in power to draw on the resources of others—be it slaves, the inhabitants of occupied lands, or their own children yet to be born—in order to carry out their schemes, to consolidate power, to grow their own fortunes.

On Tuesday, Governor Rick Perry issued his first veto of the year, vetoing HB 2403, an Internet sales tax bill which FreedomWorks opposed. By vetoing HB 2403 Governor Perry has saved taxpayers and business alike from burdensome regulations and new taxes. In vetoing the legislation Perry cited that a key reason for his veto was that there was no consensus between lawmakers, tech experts, consumers and retailers.

Personal Freedom and Power VIII:  Freedom in Decline

          There is an old saying, “too many cooks spoil the broth.”  That very well could be true but an even truer statement is that too many Keynesians ruins the currency.  Once again Peter Diamond is expected to be considered to fill a vacate spot on the Federal Reserve Board.  Peter D

Tennessee lawmakers are pushing SB 0529, which would force Internet retail giant Amazon to collect state sales taxes that would be passed along to consumers. Amazon has threatened not to build planned distribution centers in Tennessee if the measures are put in place; they have already left Illinois, South Carolina and are threatening to leave Texas for similar legislation.

Last week, the Texas Legislature passed HB 2403, a bill aimed at taxing your internet purchases.  Currently, purchases made over the Internet are tax-free if the company does not have a physical presence within the state.  The bill expands the definition of a “nexus” or physical presence to include warehouses and distribution centers where online retailers distribute goods.

Democracy and Power:  104 Future Debt Burden

A government debt is a government claim against personal income and private property – an unpaid tax bill. – Hans F. Sennholz

Boehner's Debt-Limit Marker

Democracy and Power 103:  Government money

In general, the art of government consists in taking as much money as possible from one party of the citizens to give to the other. – Voltaire (1764)