Host Jim Lakely interviews Steve Stanek, managing editor of Budget & Tax News and John Nothdurft, Director of Government Relations at The Heartland Institute, about the recent passage in the U.S. Senate of the Marketplace Fairness Act.
If the bill passes the House and is signed by President Obama, it would give states a vast new power over retailers outside their borders, including the imposition of auditing requirements. States would be allowed to create their own unique definitions of how and when items are taxed, increasing confusion for out-of-state sellers.
Jim, Steve and John discuss all those factors, and more, and look ahead to the prospects of the bill reaching the desk of President Obama. Read more coverage on this blog of the Marketplace Fairness Act here.
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