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Detailed text transcripts for TV channel - CNN - 20180622:08:15:00

4:14 eastern time. check of cnn money. get ready to pay more for what you buy online. the supreme court in favor of the internet tax. it can force the retailers to collect sales tax. south dakota can collect taxes from wayfair. reversing a 1992 decision which kept from pactaxes businesses without an online presence. retailers like amazon have a presence in each state which collects sales tax. now you will pay more for shopping on wayfair and overstock and etsy. sales tax under cuts the advantage they have over brick and mortar stores. internet sales tax means billions of relavenue for state ....

Supreme Court , Eastern Time , Cnn Money , Sales Tax , Internet Tax , South Dakota , Internet Sales Tax , Brick And Mortar ,

Detailed text transcripts for TV channel - FOXNEWS - 20180621:19:44:00

Happen. i don t think it was a surprising victory. it was the right thing to do. the government accountability office says states should collect about $8 billion to $13 billion more in the internet sales tax and will make shoppers pay more for what they buy online. sales tax are up to 10%. you ll pay 10% more for what you. have companies like target and sears are cheering the change. some executives are now. yes. s.c. and overstock lashing out against this. i want to point out a statement from sears. they say it s time to correct a system that has been given an n unfair competitive of retailers while hurting those that create jobs and invest in local communities. also retailers like overstock.com lashing out saying this lessens the potential ....

Internet Sales Tax , Government Accountability Office , 13 Billion , 8 Billion , 3 Billion , Sales Tax , Overstock Lashing ,

Detailed text transcripts for TV channel - FOXNEWS - 20180621:18:55:00

The supreme court rules 5-4 that they should be paying taxes. instead, sears that does most of their business in person says this is too little too late. the time for correcting a system that has given an unfair competitive advantage to a handful of online-only retailers while hurting those that invest in local communities is long overdue. most of the giant online retailers say that won t affect them too much. they fear that smaller tellers could be hurt. at overstock, they said the supreme court has reshaped the e commerce landscape. the internet has been a driving information behind our nation s economy for the last 15 years. when this case was argued in the spring, we heard from a small time clothing retailers why this could hurt so bad. ....

Supreme Court Rules 5 4 , Won T , Supreme Court , Driving Information , E Commerce Landscape ,

Detailed text transcripts for TV channel - FOXNEWS - 20180621:20:41:00

We ll be so happy though. what i worry about are the people selling on e-bay. look at the stocks. they took the biggest hits. neil: are you responsible for that if you have an item on ebb b bay and you say wait a minute. i have to pay the stocks. that s what overstock and a couple others are saying that congress has to define this. south dakota, which brought this car, already had set their limits at $100,000 in sales or 200 transactions. that is their bar and it s low. we need a universal bar. someone who has been making ends meet by selling things on e-bay, this is a serious who to them. neil: what about for retail spending in general? have you been impressed? the recovery and everything else ....

Neil Cavuto , Ebbb Bay , South Dakota , Retail Spending ,

Detailed text transcripts for TV channel - FOXNEWS - 20180621:19:43:00

trace: well, it could soon be more expensive to shop online. that s thanks to a ruling from the supreme court. hillary vaughn is here with more on that. good news, right? this is a big win for brick an motor stores like target, sears and walmart who have been struggling to keep up with online retailers. here s why. up until today when the supreme court overruled this law, they found that states could not collect sales tax from online-only stores. overstock, amazon. the president is cheering this reversal because he says it will give governors and states more tax revenue. we had a victory just a few moments ago on the internet sales tax. a lot of states and cities will be benefitting from what s going on. it s a big, big victory for the governors in this room. i know they wanted to see that ....

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