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Proposed Louisiana sales tax may increase cost of Netflix, Hulu
Source:
wwltv.com
- Apr 7, 2017
NEW ORLEANS – In an effort to overcome budget shortfalls, Gov. John Bel Edwards is proposing a tax on internet streaming services.
Many people are cutting the cord to avoid paying high cable bills, but relying on services like Netflix and Hulu may get more expensive if the tax passes.
One in five U.S. households cut the cord with cable last year. That adds up to more than 1.1 million households no longer watching traditional TV. As the number of people paying for cable drops, the number of Americans turning to streaming services continues to rise. Lawmakers are taking notice.
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Category: General Business
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