Telcoms hailed a House bill introduced Wed. to repeal the 3% fede...
Telcoms hailed a House bill introduced Wed. to repeal the 3% federal excise tax on local phone service. The bipartisan bill (HR-1194) by Ways & Means Oversight Chmn. Lewis (D-Ga. ) and Ranking Member Ramstad (R-Minn.) is companion to…
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a Senate measure (S-140) introduced in Jan. by Sens. Schemer (D-N.Y.) and Crapo (R-Ida.), members of the Finance Committee. New tax rules set in 2006 erased much of the tax, but it still applies to specialized equipment for the disabled, lifeline services and rental gear. A another bill (S-170), by Sen. Ensign(R-Nev.), would repeal the tax, but he doesn’t serve on Finance, where tax bills must originate. Verizon, USTelecom and AT&T all urged Congress to pass the measure and President Bush to sign it into law.