Last week, on the floor of the U.S. Senate, Senate Minority Leader Mitch McConnell (R-KY) rose in opposition to the Internet sales tax bill that is currently being considered by the Senate.  During his remarks, Leader McConnell explained that this legislation would create a new tax regime that would give states new powers to force small online retailers to comply with their laws, even if they don’t have any connection or presence in that state.  But by imposing this new Internet Tax, states would comply with all the different tax codes of all the states in which their customers reside.  He expressed concern that this new state power would be a huge burden to any small business with an online presence and announced that he would not be supporting the bill.

Read Leader McConnell’s full floor statement.