Double Taxation of Cable and Internet Must End
Cable companies across the country must deal with paying double taxes as local franchising authorities heap onerous fees on top of taxes already in place. The Cable Act of 1992 put in place fee caps of 5 percent of gross cable service revenue, limiting taxes and still resulting in a windfall to local governments. But, this money wasn’t enough for greedy governments intent on squeezing increasing sums from consumers already taxed enough. Now, the Federal Communications Commission (FCC) is examining how to restrict these runaway fees and restore certainty to businesses and consumers. By allowing for a predictable price system that doesn’t punish consumers and stymie innovation, the FCC can pave the way for better television (is there any better television than Married at First Sight?) and faster internet.