Wallowing in Sin Taxes
Author: Kriss Sjoblom
Originally published on Mar 20, 2005
Taxes on cigarettes, liquor, beer, wine, soda, candy, gum and gambling are not a sustainable solution to the state’s structural budget gap. Modeling with the WRC/REMI model of the Washington economy indicates that a package of sin taxes generating $783 million in the upcoming biennium would cost the state on the order of 3,000 jobs by 2010.
Relevant topics:- Taxes
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