I just received this amazing announcement from Governor Schwarzenegger’s office. Turns out that all of our hard work and persistance actually has paid off (even if they did end up blocking our emails last week, which frankly was incredibly annoying).
The fight’s not over…last night, the nexus proposal appeared in a new bill, ABX3 19, which is identical to SBX3 17, and it was passed by the Senate (24-14). It appears that our legislators are fond of playing the shell game, so we must continue to be vigilant in our efforts until a solid resolution is obtained.
For Immediate Release:
Wednesday, July 1, 2009
Contact: Aaron McLear
Governor Schwarzenegger Remains Committed to No New Taxes, Announces Overstock.com Will Continue to do Business in California
Following Overstock.com’s announcement that it will pull its affiliate advertising from California due to the legislature’s proposal to increase taxes and the announcements of other companies such as Amazon.com threatening to follow suit, Governor Schwarzenegger today reiterated his deep commitment to not raising taxes to solve our state’s budget deficit and announced Overstock.com will reinstate California-based internet affiliate advertisers:
“After passing the largest tax increase in California history, it makes absolutely no sense to go back to the taxpayers to solve the current shortfall – that’s why yesterday I vetoed the majority vote tax increase passed by the legislature. With unemployment at an all time high, we should be doing everything we can to – keep jobs and create jobs – in California. That is why my Administration immediately contacted Overstock.com when we learned of this news and, I am pleased to announce Overstock.com has reversed its decision and will continue to do business with affiliates here in California. I will continue to fight to keep jobs and businesses in California.”
California lawmakers proposed a tax on affiliate advertising and sent legislation to the Governor, but as promised he vetoed it because we cannot solve our budget deficit by raising taxes and driving businesses out of the state.
Overstock.com estimates its internet affiliate advertisers in California create millions of dollars in revenue.