Political Quotes

Melvin Watt: I thought that we could not in the Committee on the Judiciary make a quick judgment about how to create a level playing…

On the recordMay 10, 2000
I thought that we could not in the Committee on the Judiciary make a quick judgment about how to create a level playing field between brick and mortar stores and e-commerce sales. The Commission has failed in my estimation, and I think we do need some kind of extension of the moratorium. I do not think that 5 years is an appropriate extension. I think it is way too long to extend this moratorium, because what we have in addition, related to the moratorium itself, is a companion issue which deals with how we create a level playing field between retailers and other businesses that are operating in brick and mortar stores and people who are selling over the Internet. Right now, brick and mortar stores are at a competitive disadvantage because they have to collect local sales taxes. In many cases, e-commerce is able to evade those local sales taxes, and that puts brick and mortar stores at a competitive disadvantage.
Said by
Melvin Watt
North Carolina

Editor's note · Context

Discussing the implications of Internet sales tax and the need for a moratorium extension.

Share

More from Melvin Watt

Dec 7, 2015

I want to be clear that the reason I would not raise my hand is because I would not make a unilateral decision.

congress.gov
Dec 12, 2013

This is definitely the last time I will be addressing this House. As my colleague, David Price, has indicated, I have been confirmed to a new position as regulator and director of the Federal Housing Finance Agency. I just wanted to take a…

govinfo.gov
May 10, 2017

There is no rational reason, if you think about it, why a superior tax lien would be having an interest rate of 10, 11, 12 percent when a lien subordinate to it is going at 4 percent or 5 percent.

congress.gov
Jan 26, 2015

Congress has given us this mandate: Do lending, back loans that are safe and sound, and provide liquidity in the market.

congress.gov

Other voices in this conversation