Durbin Statement On Supreme Court Ruling On Internet Tax Loophole
WASHINGTON—U.S. Senate Democratic Whip Dick Durbin (D-IL) released the following statement after the U.S. Supreme Court ruled 5-4 to overturn a 1992 ruling that had given internet-only retailers an unfair advantage over Main Street businesses by prohibiting states from requiring remote retailers to collect taxes already owed the same way local businesses do.
“This is good news for main street businesses in Illinois and across America. This ruling clears the way for our retailers to compete on a level playing field with internet giants. I’m honored to be part of the bipartisan coalition in Congress that has worked for years to make this change.
I encourage our state and local leaders to focus the more than $380 million in projected new revenues that could be collected in Illinois on creating jobs in our state and reducing the current tax burden on working families.”
Durbin and Senators Mike Enzi (R-WY), Heidi Heitkamp (D-ND), and Lamar Alexander (R-TN) have repeatedly introduced The Marketplace Fairness Act to close this loophole in tax law.
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