Mr. Chairman, the economic dream of America is still alive and well in Central Texas. A business can begin in a dormitory room, as Dell Computer did, or in a garage, as hundreds of start-ups in our community have done, and can grow into a multi-million dollar publicly traded corporation. This is an old principle of America that has now been applied in what we call the ``new economy''. And if these start-ups, some of which are very small, struggling companies before they become big prosperous companies, are overburdened with having to file tax returns as thick as a telephone directory in some 30,000 jurisdictions across the country, we will stifle the growth of this new economy. That is why I was an early supporter of the Internet Tax Freedom Act and why I will vote for this Internet Nondiscrimination Act. I also believe that there is great merit in permanently banning all forms of taxation that could be imposed on use of the Internet itself, on getting on the Web. Let's ``free the web'' of taxes throughout America. I believe that a tax-free zone on the Internet will encourage the growth and stimulation of this new economy and all the innovation, the associated creativity that holds so much promise for the future of America.
Editor's note · Context
Discussing the importance of tax policies for the growth of the new economy and Internet commerce.
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