Business leaders urged voters to choose a weaker plan put forward by the government that would have given shareholders a nonbinding say on corporate pay, and warned that passage of the Minder Initiative would cost the country jobs.
From an Internet retailers perspective the passage of the Marketplace Fairness Act would not only add layers of administration and cost to comply, but it could cut into their competitiveness with small businesses and brick-and-mortar retailers.
Two House committees have passed a bill drafted by Democrats, but a third -- the Energy and Commerce Committee -- has been delayed by cost concerns raised by the Blue Dogs, who hold enough seats on the panel to block passage of the measure.