It’s a common refrain that those who protest too much might have much to hide. Wednesday’s introduction of the “Marketplace Equity Act” (MEA) is a prime example of this behavior. Just like the Mainstreet Fairness Act before it, the MEA’s name has little to do with its true implications.
At a breathless Capitol Hill press conference, advocates for a new Internet sales tax regime exclaimed the benefits that an ill-defined, expansive and costly regulatory system would have for small businesses.
Not surprisingly, Walmart – a key advocate for online sales taxes and a significant constituent for bill sponsor Rep. Steve Womack (R – Ark.) – ceded the stage to a handful of small business owners who spoke admirably about the creation of a pseudo IRS. Read more