Ohio Council of Retail Merchants Statement on Yesterday's U.S. House Judiciary Committee Hearing on E-Fairness
Setting the Record Straight on What Ohio Has Done to Help Small Businesses and Lower Tax Rates
COLUMBUS, Ohio, March 13, 2014 /PRNewswire/ -- Gordon Gough, President and CEO of the Ohio Council of Retail Merchants, issued the following statement today regarding yesterday's U.S. House Judiciary Committee hearing on e-fairness:
"In yesterday's House Judiciary Committee hearing, Representative Steve Chabot suggested that states would not use revenues from closing the online sales tax loophole to lower other tax burdens. The Congressman should have been told that Ohio has already acted to cut taxes once Congress closes the online loophole.
"Ohio led the way last year and enacted pro-growth policies that committed any new e-fairness revenues in Ohio to future tax reduction. That's already the law, and the only thing standing between Ohio families and an income tax cut is the United States Congress.
"I encourage Rep. Chabot to join those looking for a solution to closing the online loophole so that Main Street retailers will be treated fairly and Ohio families will get an income tax cut."
Background:
- Last year Ohio enacted legislation that commits future e-fairness revenues to Ohio tax reduction.
- This week, over 1,000 small businesses sent a letter to Chairman Goodlatte and Representative Chabot asking them to close the online sales tax loophole. Click here for the letter.
- Last year Economist Art Laffer released -- Pro Growth Tax Reform and E-fairness -- that states Ohio will create 46,660 new jobs. Click here to access the study.
SOURCE Ohio Council of Retail Merchants
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