A visionary is someone with the ability to command immagination. A leader acts on a conviction to make it a reality.
Nearly 30 million small businesses comprise 80% of the economic backbone of the United States.
We need more lawmakers in Washington like US Senator Hassan to inspire and create true value, and protect the advances we have made from ecommerce and technology now at risk from the Supreme Court Wayfair Ruling.
No one disagrees with a tax that makes sense, one that fosters, supports and reinvests in business networks that generate taxable income. The Internet Sales Tax is no such support mechanism, it is a huge burden, with the distinct ability to wipe out all those gains we have made and could continue to make.
No one, no matter how big or small, is immune from making mistakes or bad decisions. When the Supreme Court ruled on Wayfair last year, the very profound short and long term impact on the national economy was surely not fully considered or appreciated.
Along with a myriad of complexity and unintended consequences, the operational and merchandising cost of doing business will escalate beyond the ability of merchants at virtually every level, to continue at sustainable levels. Only giant conglomerates with dedicated tax departments have the means to absorb or withstand complicated compliance across 10,000+ municipalities. Small merchants will be literally incapable of coping with the harmful demands of this tax. Large merchants will experience unsustainable erosion to their top and bottom lines. While growth will be stifled at every level, where margins are already constrained, those will be the most severely impacted and possibly the first to go. By the time impact of this tax is understood and felt by us all, many business will already have succumbed.
As a consumer you will pay more, destined for a general fund in a remote State that has no intention of re-investing in the technological advances of an Internet that has made so many dreams possible. As a collector, you will enjoy less. We are all connected in the same ecosystem. That which impacts a merchant's ability to provide goods and services, impacts those whom are reliant on them.
The Internet is still much too young, and all too fragile, to see it tampered with by those with little interest in fostering the splendor of opportunity it has created thus far; and, has to offer in the future.
US Senator Maggie Hassan is working with a bi-partisan group of Senators to introduce bills that will protect small business and our US economy. Please lend your support by contacting your representatives.
Also, please feel free to help bring about awareness by re-distributing the news announcements and social media posts below:
READ THE UNION LEADER ARTICLE :
Sen HASSAN PRESS RELEASE: