Finance Committee Votes to Repeal Century Old Tax
Yesterday the Senate Finance Committee voted to end the century old telephone excise tax. The tax was originally levied in 1898 as a way to pay for the Spanish-American War by placing a charge on phone calls. The bill, which also includes a moratorium on some Internet taxes, has yet to be voted on by the full Senate. If repealed, consumers could save $7billion over the next ten years. Hopefully we will soon stop paying for a war that ended over a century ago. Click here to read more.