Mission Statement: This blog reviews the news of the day in light of 242 years of American history. "Nationalism," a modern day pejorative, has been our country's politic throughout history, until 2008. Obama changed that narrative. Trump is seeking a return to our historical roots. Midknight Review supports this return to normality.
Why are the Dems going after the internet? Taxes. Here is the story in 150 words or less.
<<<< As if corporate [federal] taxes weren't high enough and going higher under the Dems, now they plan to give the states a bigger piece of the corporate profit pie.
Its all about "nexus." As relates to corporate taxes, the nexus between between a particular corporation and state owed sales taxes is "location." Currently, corporations owe taxes on their sales to the state in which they are officially located. Under the Democrat plan, tax leaches that they are, states could go after corporate profits if the corporation does business in a particular state.
The Democrat internet tax plan (they will call it "Saving America" or "Doing the Middle Class a Favor Tax Act" or some such garbage as that) will not only go after catalogue sales (23 billion dollars annually) but corporate profits.
This is nothing short of another attack on American enterprise, and, in the end, all corporate taxes are funded by the middle class in increased prices.
Thanks Obama for caring so much for the middle class boob.
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