Have you ever noticed just how much you are paying in cell phone taxes each month? If you haven't waded through the fine print; don't! It will only depress you. According to Congresswoman Zoe Lofgren (D- California), Americans are getting hit with 15-19% in taxes on their wireless bills and that is compared to about 7% on other taxable goods and services.
A freeze on cell phone taxes sounds good to me. But, I do have some concerns whether this bill is enough.
1. The bill is very carefully worded to make clear that taxes already in place are grandfathered in and no local or state revenues are to be lost as a result if this becomes law. At 15-19% in taxes, shouldn't we be lowering those taxes and not just freezing them for five years?