Federal Excise Tax Exorcised
May 25, 2006, 12:37 PM by (staff)
A year after a bill was introduced to repeal the Federal Excise Tax on phone service, the Bush administration today announced the tax will be repealed. The Excise Tax is a 3% surcharge on all local and wireless phone service that the government has been collecting in some form since the Spanish American War. Treasury Secretary John Snow has announced the administration agrees with Federal Court ruling that the tax is outdated, and is behind a new Republican bill to end the tax. In addition to ending the tax, the bill includes a refund to taxpayers for the past three years of phone taxes.
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Ok, so no one can say now that the Republicans never did anything nice for us. . .
As for Bush, it's not he has vetoed a piece of legislation yet so no worries there.
For those of you who are as uneducated as the poster above me, what they have just done is create an immediate 13 billion dollar hole in our budget, along with a recurring 4 billion dollar+ hole...
I love how it says exorcised
So... Anybody want to talk about...
If the evidence the "consipiracy theorists" have regarding the Moon Landing and 911 is factual, it does force me to raise some serious thoughtful questions that do not have easy answers.
In regards to the first moon landing, when the...