TechNet Opposes Proposed Internet Sales Tax Amendment in Senate Budget Process

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March 19, 2013

TechNet Opposes Proposed Internet Sales Tax Amendment in Senate Budget Process

Washington, D.C. – TechNet, the bipartisan network of CEOs that promotes the growth of the innovation economy, today announced its opposition to a proposed amendment that would add any Internet sales tax provision into the ongoing FY 2014 Federal Budget Resolution process. TechNet continues to oppose new tax regimes, like the Marketplace Fairness Act, that increase Internet sales tax complexity for U.S. consumers and businesses.

“The Marketplace Fairness Act will make it more complicated, expensive and onerous to conduct business on the Internet,” said Rey Ramsey, president and CEO of TechNet. “Bold proposals, like the establishment of a new Internet sales tax system, deserve a thoughtful and transparent discussion outside of the federal budget process.”

About TechNet:
TechNet is the national, bipartisan network of CEOs that promotes the growth of technology industries and the economy by building long-term relationships between technology leaders and policymakers and by advocating a targeted policy agenda. TechNet’s members represent more than one million employees in the fields of information technology, biotechnology, e-commerce and finance. TechNet has offices in Washington, D.C., Palo Alto, Sacramento, Seattle, Boston and Austin. Web address: www.technet.org. You can also follow us on Facebook and Twitter at @technetupdate.

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