Regulating the Internet as a utility would cost households billions | WashingtonExaminer.com

Regulating the Internet as a utility would cost households billions | WashingtonExaminer.com:

"On Nov. 10, Obama released a video asking the Federal Communications Commission to protect net neutrality and reclassify Internet service under Title II of the Telecommunications Act. According to Robert Litan and Hal Singer, “What this means is that the Internet would be treated and regulated as a public utility, like your local electricity or gas distribution company, which is a monopoly.”

As a result, Internet service providers would be relabeled as telecommunications providers and be subject to government taxes and fees similar to those that apply to phone companies. Eighty-one percent of the government fees would be collected by state and local governments."