Last week, Congressman Bridenstine (R-OK) posted a video on YouTube to express why he opposes the Internet sales tax bill that is currently pending in Congress.  One of his reasons for opposing the legislation is that it creates tax unfairness, especially for small online businesses selling over the “small seller” exception in the bill.  In addition, the bill gives unprecedented powers to state enforcement agents and allows them to compel businesses not even located in their state to abide by their sales tax laws.

Myth:  eBay opposes the Marketplace Fairness Act

Fact:  eBay is opposed to the current definition of a small business in the legislation, which is exponentially less than any other relevant federal standard for defining a small business.

Last week, PayPal met with representatives from the Consumer Financial Protection Bureau (CFPB), the newly created federal agency tasked with regulating consumer protection with regards to financial products and services in the U.S.  The meeting was an opportunity to showcase PayPal’s products and services and to continue to build strong relationships and goodwill with CFPB, a current and future regulator.