In a movement that will pass, as well as a bowed boot, Alaska legislators are trying to regulate. . . Your credit cards pay for taxes and tips in the registry. But if this happens, small businesses will be the ones left with the stock market.
Mayo in a broader legislation, cured of the co -president of Labor and Commerce of the House of Representatives, Zach Fields, is a small quiet scheme to limit the exchange rate exchange rates specifically on the sales tax and the part of a transaction. That is: they have decided that the little coffee in Homer or the gift store in Ketchikan must eat the cost when it tips its barista or pays his state sales tax. And because this was not approved on their own as a separate bill, they are trying to move it as part of a larger financial invoices package.
Because nothing says “we support small businesses” how to subsidize their cinnamon roll and government cutting, in a cunning way.
Let’s be clear: this does not stop fraud, reduces inflation or help to the economy. It is just another regulatory Booondoggy, dressed in populist wool, which changes more cost to the same companies than it depends on Alaska, especially in rural communities where plastic is not optional.
We run from tax and tips exchange rates, it does not save money with consumers, it only leaves local businesses to go to the invoice. And in a state where winter lasts seven months and supply chains are executed with prayer and flotation aircraft, that is not just a silly policy. It is a direct success to Main Street.
Honestly, this bill is a major threat to small Alaska companies than a Kodiak bear wandering around the center of Palmer. At least the bear does not pretend that he is helping you.
Public testimony is today. If you own a business, or just someone who likes to have business around, ask for the work and trade committee of the House of Representatives to leave this disaster.
Alaska does not need juneau micrognition credit card receipts. We need legislators who understand that if you kill small businesses with regulation of feeling good, nobody stays to collect the account.