President Signs Internet Tax Bill
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Nov 30, 2007
|BILL NAME||SUMMARY OF BILL AND WHAT IT MEANS TO YOU||U.S. CHAMBER'S POSITION||STATUS|
Amendments Act Of 2007
|This bill extends for seven years a moratorium on Internet access taxes and new multiple and discriminatory taxes on electronic commerce. Had the moratorium expired on November 1, online vendors and consumers would have been subject to additional taxes when conducting online transactions.||The Chamber supports legislation that encourages the growth of the digital economy by keeping Internet goods and services free of all federal, state, and local transaction taxes.||The president signed the legislation Oct. 31, 2007.|
Development, and Related Agencies
Act of 2008
|This bill addresses the enormous demands of the U.S. transportation infrastructure system by maintaining full funding for highway and transit programs as provided under current law. If enacted, it would also provide full funding for the Federal Aviation Administration to improve the safety, performance, and capacity of the nation's aviation system.||The Chamber supports H.R.|
3074 because it provides the necessary funding to ensure that the U.S. transportation system is the safest and most efficient in the world.
|H.R. 3074 passed the Senate Sept. 12, 2007.|
|This bill would eliminate the use of|
predispute arbitration clauses in future
consumer, employment, and franchise
contracts and would nullify predispute
arbitration clauses in existing contracts
if a dispute arises under that contract
after enactment of the legislation.
|The Chamber opposes this bill because it would severely damage an alternative dispute resolution system that consumers and businesses have relied on for decades, disrupt current commercial arbitration practices, and increase litigation.||House Judiciary subcommittee|
hearing held Oct. 25, 2007.
|Small Business Definition H.R. 3567 Small Business Investment Expansion Act|
|This bill would make changes to the definition of small business to permit larger business enterprises, colleges, and universities to effectively own and control an unlimited number of small business enterprises that would be eligible to participate in small business programs. This could erode the effectiveness of programs, resources, and services meant for traditionally defined small businesses.||The Chamber opposes creating a loophole to allow larger business enterprises, colleges, and universities to avail themselves of services, resources, and programs dedicated to traditional small businesses.||H.R. 3567|
passed the House Sept. 27, 2007.
Accounts H.R. 2639 Promoting Health For Future Generations Act Of 2007
|This bill would implement important changes in the tax code to make health savings accounts(HSAs) more accessible and effective. It would allow the use of HSA funds to pay for premiums for high-deductible health plans, increase HSA contribution limits, and permit HSA owners to make|
catch-up contributions earlier.
|The Chamber supports H.R.|
2639 because it would encourage employers and individuals to look at HSAs as a viable way to provide and obtain health insurance coverage.
|H.R. 2639 introduced|
to House Energy and Commerce Cmte. June 11, 2007.