Recently, we passed the one-year anniversary of the U.S. Senate’s passage of e-fairness legislation known as the Marketplace Fairness Act. It was a huge step in the plight of small businesses for fairness in the marketplace.
For those who don’t know, e-fairness is a pro-growth, pro-small-business, and pro-taxpayer concept that would close the online sales tax loophole that has been hurting local retailers for years.
The Marketplace Fairness Act would allow states to treat all businesses the same — meaning that if I have to collect sales tax, my online counterparts would as well. Currently, they don’t. That doesn’t just affect my business, either. It hurts investment in local communities, local jobs and our entire economy.
Furthermore, several states across the country — including Idaho, Utah, Wisconsin and Ohio to name a few — have already passed laws or budgets that would actually lower in-state tax rates when Congress finally passes the Marketplace Fairness Act or similar legislation.
It’s now time for the House of Representatives to act. They need to pass it or come up with their own version of this much-needed legislation so Louisiana retailers can compete fairly. Sen. Mary Landrieu stood up for Main Street retailers by voting for the Marketplace Fairness Act. It is now time for Louisiana’s congressional delegation to make this a priority and prove their commitment to small businesses in our state.