US~Observer Staff

A new bill proposed in California (go figure) could collect more than $1 billion (because that's what was reported) a year by taxing E-bay and other online retailers (small business).

AB155 passed, 47-16 on May 31, and now heads to the Senate. Democrat Assemblyman, Charles Calderon says his legislation doesn't create a new sales tax, it enforces one that is already there.

Republicans (16) who voted against the bill said it would create more costs associated with an already problematic task of regulating the internet. It would also likely invite lawsuits and drive MORE business out of California.

In case you haven't already heard, California is Bankrupt, and many states aren't far behind. So, while businesses disappear, let's tax them on their way out...

I'm still wondering how, with all of the taxes we currently pay, an internet tax doesn't already exist? Simply put, this is another prime example of a few politicans dictating to the masses. Even worse is the thought that California residents elected these guys, and worse than that - it will probably make it's way to your state next!

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