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"The Truth About Telecom Taxes and Reform: The Real Effect on Local Government" Local and state governments stand to lose $8 billion a year in revenues if Congress further restricts their ability to levy taxes or fees on the telecommunications industry. According to a study released today by a coalition of local government organizations, including The U.S. Conference of Mayors, the National League of Cities, the National Association of Counties, the National Association of Telecommunications Officers and Advisors, and the Government Finance Officers Association, the jobs of more than 150,000 teachers, police officers and firefighters could be on the line if the telecom industry receives preferential tax treatment.
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