Entries with tag us senate.

US Senate Passes Internet Tax Bill

By a vote of 69 to 27, the US Senate passed a bill that would enable sales taxes to be collected from Internet transactions, regardless of where in the United States the seller is based. The Marketplace Fairness Act, which received support from most Democrats and some Republicans, was opposed by hard-line conservatives, states without sales taxes, and antitax activists. The House of Representatives and President Barack Obama will have to approve the measure before it becomes law. Businesses with less than $1 million in online sales would be exempt. Currently, a state can require retailers to collect sales taxes only if it has a store or other physical presence in the state. This exempts Internet-only firms such as eBay and Amazon, which collect taxes only in states where they have offices or distribution centers. (SlashDot)(The Washington Post)(The Wall Street Journal) 

US Senate Blocks Cybersecurity Legislation


The US Senate failed to pass a bill designed to protect the United States from cyberattacks Thursday amid concerns from opponents. They said they were worried that bill could threaten personal privacy and create an additional layer of government bureaucracy. Of the 100 senators, only 52 of the 60 needed for passage voted for the bill. The bill was backed by President Barack Obama and national-defense officials, saying the legislation was needed to protect critical infrastructure. In a statement, the White House said this “comprehensive piece of cybersecurity legislation” failed as the result of “the politics of obstructionism, driven by special interest groups seeking to avoid accountability.” Observers expect the Senate to revisit the issue after its summer recess. (PhysOrg)(AFP)(Reuters)

Showing 2 results.