Walmart is headquartered in Bentonville, after all. So it’s not too surprising that U.S. Sen. John Boozman came out strongly today in a Talk Politics interview in favor of a law that would allow states to collect sales taxes on Internet sales. Walmart is a prime mover behind this effort, because, with brick-and-mortar operations in all 50 states, it always has the “nexus” that allows collection of sales taxes on even its Internet sales, as well as store sales. This gives web-only retailers without such a nexus a distinct advantage (about 6 percent in Arkansas).
Following is a news release praising Boozman from the ad hoc group Stand With Main Street, financed by retailers like Walmart, promoting Internet sales taxes. His interview should be on-line at Talk Business and Politics before long.
Funny thing. I’m with Walmart and Boozman on this one. Just to be clear: What Boozman endorses here is a tax on Internet retail purchases. T-A-X. On teabags and everything else.
And wait, there’s more. Rob Moritz reports Dr. No also said in Little Rock today that he favored closing some tax loopholes (read produce more tax revenue) to reduce the deficit:
“It shouldn’t be that a company like GE, that makes billions of dollars in profit, doesn’t pay anything (in taxes),” the Republican senator from Rogers from Rogers said in Little Rock before scheduled tours of the Heifer International offices and the Arkansas Food Bank.
“I think we are all committed to … looking at the tax code, getting rid of the loopholes, things that we all agree need to be done, and then along with that you have to have real reductions in government spending.” Boozman said.