Finance Committee Votes to Repeal Century Old Tax
June 29th, 2006 by Paul BurksYesterday the Senate Finance Committee voted to end the century old telephone excise tax. The tax was originally levied in 1898 as a way to pay for the Spanish-American War by placing a charge on phone calls. The bill, which also includes a moratorium on some Internet taxes, has yet to be voted on by the full Senate. If repealed, consumers could save $7billion over the next ten years. Hopefully we will soon stop paying for a war that ended over a century ago. Click here to read more.
