“Gas tax revenue plummeted this spring, income taxes won’t rebound anytime soon and some states are offering a property tax holiday because people can’t pay during the pandemic. But so-called sin taxes are rolling in as liquor stores boom, marijuana sales continue, vapers vape and smokers smoke. While not a huge portion of state tax revenue, sin taxes are a relative bright spot in a dark revenue picture. And some states are considering increasing those levies to make up some of the lost pandemic revenue. “It’s just easier politically to increase taxes on 12% of the population than on 80% of the population,” said Ulrik Boesen, senior policy analyst at the Tax Foundation, a nonprofit that promotes lower, broader-based taxes.”
BILL TARLING — It’s disgusting that States not only want to demonize and restrict or ban vapers for using a product which helped move them away from smoking, but also want to have them make up for the Budget Revenue Shortage that the States mismanaged.
ARTICLE LINK:
‘Sin taxes’ could help states in pandemic budget slump — at least a little bit
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