Governor Edwards Wants To Tax Your Netflix & Hulu
About 20% of Americans, myself among them, parted ways with cable TV last year. I did it to cut expenses and give myself more control by choosing streaming services over cable. The cost of my subscriptions to Netflix, Commercial free Hulu, and Sling cost a combined total of about half what I was paying for cable. If governor Edwards has his way, we'll soon be paying a lot more for those streaming services. WWL reports, Gov. John Bel Edwards has proposed a sales tax on streaming services to help reduce Louisiana's much publicized budget shortfall. The move is not unprecedented. Pennsylvania charges a 6% tax on downloads & apps. The city of Chicago is currently being sued for charging a 9% on streaming services. The proposed 5% tax is projected to raise about $200 million a year. You can be sure this will face challenges, perhaps as high as the federal level.