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Stock Investing Course (AXcess News) Washington - Senators were generally friendly to a new way of taxing telephone service to help provide telephones to poor people and rural areas at a hearing Tuesday.
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Stock Market Game In addition to replacing the current 10.2 percent fee charged on all long-distance service with a flat fee on all telephone lines, Senators suggested placing the fee on broadband service.
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Stock Investing Game "We gotta recognize Congress really is at a crossroads," Sen. Jim DeMint, R-S.C., said.
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Journal Prime Rate Street Wall The Senate Committee on Commerce, Science and Transportation met with telecommunication and consumer group executives to analyze how contributions could be generated for the Universal Service Fund. The hearing was one of two about the fund. A second hearing, about how to distribute the money, is scheduled for Thursday.
Sen. Ted Stevens, Alaska, the committee chairman, said he hopes to have a telecommunication bill introduced by early April. The Universal Service Fund, totaling $7.1 billion in 2005, relies on a 10. distance revenues. It helps poor people and rural health care clinics, libraries and others pay for service and connection fees. Operated by the Federal Communications Commission, the fund has been losing revenue recently as consumers have switched to wireless phones or VoIP, Internet phone service.
Stock Market News Sen. Ted Stevens, R-Alaska, the committee chairman, said he hopes to have a telecommunication bill introduced by early April.
Stock Investing Basics The Universal Service Fund, totaling $7.1 billion in 2005, relies on a 10.2 percent fee assessed on interstate and international long-distance revenues. It helps poor people and rural health care clinics, libraries and others pay for service and connection fees. Operated by the Federal Communications Commission, the fund has been losing revenue recently as consumers have switched to wireless phones or VoIP, Internet phone service.
Stock Investing Software FCC Chairman Kevin J. Martin recently introduced a plan to replace the current system with a flat fee on all phone numbers, including fax, wireless and VoIP. The commission has not approved the plan or scheduled a vote.
Stock Market Trading Stevens' press secretary, Aaron Saunders, said in an interview that a separate hearing will be devoted to hearing from FCC commissioners on a variety of communications issues.
Stock Investing For Dummy Trent Boaldin, president of Epic Touch Co., which provides voice data and video services in Kansas, told the committee that he supports other plans that broaden the revenue base for the USF.
Stock Market Crash These include a bill by Sen. Conrad Burns, R-Mont., that would place a fee on broadband connections. Another bill by Sens. Gordon Smith, R-Ore., Byron Dorgan, D-N.D., and Mark Pryor, D-Ark., would address rural carriers' financial relationships with larger providers and establish a $500 million account to help bring broadband to rural areas.
Stock Investing Tip The Telecommunications Act of 1996 has not held up in its 10 years because of rapid and unexpected technological advances, Stevens said, and any new bill needs to withstand that amount of time.
Stock Market Chart Sen. John E. Sununu, R-N.H., said he supports Martin's "numbers-based" plan, but some minority and senior citizens rights groups oppose it.
Online Stock Investing Bonnie Cramer, a member of the AARP board of directors, said middle-aged and elderly Americans and other low-income and low-volume customers would be hit by higher costs under the numbers-based plan. She suggested the fund keep its current fee based on long-distance calls.
Stock Market Crash Of "While sufficient funding of the program is of critical importance, the goal must not be achieved by harming the very population the fund seeks to help," Cramer said.
Stock Investing For Beginner Stevens said he hopes to develop discounts for low-income and low-volume users to encourage people to use their telephones.
Finance Journal Personal "Our goal is to try and establish a means by which every American has a new right and that right is to right to communicate," he said.
Stock Market Report Source: Scripps Howard Foundation
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