I want to add my own support to promoting electronic commerce and keeping it free from new Federal, State or local taxes. I am a cosponsor of the Internet Tax Freedom Act, S. 442. In ways that are becoming increasingly apparent, the Internet is changing the way we do business. More than 50 million people around the world surf the net--50 million. And more and more of these users turn to the World Wide Web and the Internet to place orders with suppliers or to sell products or services to customers or to communicate with clients. The Internet market is growing at a tremendous pace. Over the past 2 years, sales generated through the web grew more than 5,000 percent. In fact, in a recent Business Week article, electronic commerce sales are estimated to reach $379 billion by the year 2002, pumping up the Nation's gross domestic sales by $10 to $20 billion every year by 2002. And I see it in my own State of Vermont.
Editor's note · Context
Discussing the importance of electronic commerce and supporting the Internet Tax Freedom Act.
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