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Fitch U.S. Public Finance managing director Laura Porter on whether implementing an online sales tax would boost state budgets.
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Sandra I think a big push on -- get to charge online sales tax for the latest numbers show.
That -- money won't help state budget deficits Laura Porter is -- managing director at Fitch US public finance group.
-- six states apparently so far now charge online sales tax how much would it help of a passel of new stage did the same thing.
Well lived quietly put out a report that they mentioned last week -- the point was that.
I think balance their budget but it's their own instead of -- tight budget year if they're looking for every little bit helps.
But in the amount of money they're talking about in terms of collecting them money from online self.
Isn't going to be a light changing for the states that nobody really knows how much money it as.
The estimate that used most often is around eleven billion dollars compares to total tax revenue out of the sales tax revenue about 235.
Billion.
And total tax revenue of 750 billion so it's not it's on the margins which isn't to say you're doing the budget did it's not welcome money it's not something that we see -- -- -- the credit quality.
The state right and yet Fitch says that the states are in a good position budget watch those kind of surprised to that forecast why.
Well I think our position has been.
It -- state budget picture this year is materially better than last year last year the states for dealing with.
A lot of federal stimulus money rolling off they -- need to replace that money.
And we were.
Please -- last year that at this stage took really.
Ongoing steps to try to balance their budgets this year -- -- slower revenue recovery don't have that clip from the federal stimulus funds.
And so much for manageable year all right Laura -- of -- thanks very much we appreciate your time.
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