Apr 22 2013

Corker Statement on the Marketplace Fairness Act

Corker Says States’ Rights Bill Helps Protect Tennessee from State Income Tax

WASHINGTON — U.S. Senator Bob Corker, R-Tenn., made the following statement today after voting in favor of debating S. 743, “The Marketplace Fairness Act of 2013.”

“I think most Tennesseans would agree that we’re fortunate not to have a state income tax, and to help ensure that remains the case, it’s important our sales tax system works. This is a states’ rights bill that gives states like Tennessee the ability to enforce existing state tax laws and collect sales taxes on online purchases if they choose. It also levels the playing field between local brick-and-mortar businesses, who have invested in the state and currently have to collect sales taxes, and online retailers who are sometimes out-of-state entities and do not have to collect the Tennessee sales tax,” said Corker. 

In a Wall Street Journal column earlier this month, former Reagan economic advisor and Nashville resident Art Laffer, writes in favor of the Marketplace Fairness Act, saying, “Addressing e-fairness from a pro-growth perspective creates several benefits for the economy.”