Congress needs to pass the Marketplace Fairness Act (MFA).
According to a July 2013 study by Arthur B. Laffer and Donna Arduin, passage of the MFA would allow states to close the online sales tax loopholes, resulting in a larger tax base; lower taxes for all taxpayers; 1.5 million jobs in the next 10 years; and increase the GDP by at least $560 billion dollars.
Woodbridge Center contributes more than $9 million annually in property taxes that pay for critical life-safety and other services. The mall employs more than 3,000 people. Passage of the MFA allows bricks-and-mortar retailers to compete fairly against online retailers. Bricks-and-mortar retailers are the economic engine that drives the local economy.
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The MFA passed the Senate in May 2013. It’s now in the House of Representatives. Passing the MFA is about enforcement of current tax law. Taxation should be fair, no matter where you shop.
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