Remote sellers currently cannot be compelled to collect sales tax on out-of-state purchases, resulting in a large decrease in state sales tax revenues. While states may attempt sales taxation on remote sales through use taxes, corresponding tax revenues are minimal. The Marketplace Fairness Act has emerged as a potential solution, albeit with its share of detractors.
Tax Expenditures: Count Hidden Spending Inside the Budget Process
Tax expenditures are a huge part of overall federal spending, but aren’t part of the regular budget process. As we seek to trim budgets, all forms of spending should be on the table.