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US Senate Slams Small Business: Passage of so-called "Marketplace Fairness Act" will slow growth and job creation

Today, an important bright spot in an otherwise shaky economy took a direct hit from the United States Senate.  That is because small online retailers – one of the most promising new areas of quality job creation – felt the heavy hand of government in an almost unprecedented way when the Senate passed the mislabeled and misguided “Marketplace Fairness Act”. 

The bill discriminates against small online retailers by forcing them to become sales tax collectors for any jurisdiction in America that imposes a sales tax on consumers…complete with a new group of tax collectors.

In passing this legislation, the Senate ignored pleas from thousands of "small sellers" to allow them to grow without being burdened with a tax scheme that was never intended to be imposed on small business, but rather was focused on big multinational corporations.  Senators in Washington, DC did this by backing an arbitrary and unprecedented "small seller" provision that ignores traditional and existing legislative and regulatory exemptions that encourages American small business -- the long-time engine of growth in the US economy.

The bill attempts to mitigate this obvious error by exempting "small sellers" with annual revenues of $1 million or less. That's great for garage sales but not for a growing small business.  The only winners in the Senate formulation are huge big-box retailers with deep pockets and legions of lobbyists.

“This is a huge setback for economic growth and should be viewed with great concern by small businesses and consumers…and frankly anybody who believes government should be getting out of the way rather than throwing up barriers to job creation and entrepreneurship in America,” said WE R HERE Executive Director Phil Bond. 

“I can only hope that our Senators were misinformed and that they did not intend to do harm to small business by their actions,” he continued, “but the result of this unprecedented new load of regulation and taxation will certainly be to harm growth and job creation just when we need it most.” 

Bond and the 10,000 members of WE R HERE vowed to take the case for small business growth and “real fairness” to the House of Representatives.  At least there, "Lawmakers are closer to their constituents and won’t side with big multinationals over entrepreneurs so quickly or readily," Bond said.

For more information about the WE R HERE coalition and its members, visit www.werherecoalition.org.

WE R HERE is a coalition comprised of small business retailers around the country who are using the Internet and are coming together to ensure government policies are enacted that create a fair marketplace for all types of retail businesses to thrive and innovation to prosper. WE R HERE gives small business online retailers a unified voice, demonstrating to government policy makers and opinion leaders the positive role of online small business retail in the 21st Century economy. The coalition effort mobilizes online retailers to work together to protect them from misguided and predatory laws and regulations that could kill jobs and undermine innovation.

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