For decades, lawmakers and regulators in the United States have attempted to reduce smoking rates using taxes, smoking bans, and regulations. Despite these heavy-handed policies, the decline in smoking has leveled off over the past few years. Electronic cigarettes, meanwhile, have quickly become one of the most popular nicotine replacement products, with the total market expected to reach $1.7 billion in 2015.
Author: Matthew Glans
On May 12 and 13, Chicago received a series of downgrades in its credit ratings for the city itself, the Chicago Board of Education (CBE), and the Chicago Park District. The downgrades began Moody’s Investors Service’s (MIS) decision to lower Chicago’s credit rating two notches to the noninvestment-grade “Ba1” level with a negative outlook. The embarrassment continued the next day when the CBE and Chicago Park District ratings dropped three notches to junk levels.
The Marketplace Fairness Act has once again risen from the dead. A group of legislators has once again introduced legislation which would significantly change how online retailers are taxed. The[…]
While lawmakers across the country debate proposals to increase state minimum wage rates, proponents have turned their attention toward ballot measures that might kill two birds with one stone: putting voters on the record as supporting minimum wage increases as well as getting out the vote for Democrat candidates.
The Permanent Internet Tax Freedom Act is common-sense Internet policy that is a long time coming. Internet access taxes are particularly damaging to the growth of the Internet economy by[…]
Gov. Pat Quinn’s “millionaire tax” question, the most recent nonbinding vote added to the bloated November ballot, is not only a misguided effort to draw his base to the polls with blatant class warfare but incredibly poor public policy. Like all “soak the rich” tax schemes, the imposition of increased taxes on high-income earners will discourage new capital and entrepreneurs from entering the state.
Chicago faces a significant, and growing public pension problem. According to the Chicago Sun Times, Chicago’s four pension plans (including for teachers and public safety workers) face a combined debt[…]
Medicaid expansion is an expensive endeavor that studies show does not provide better or more-affordable health care. Many of the expansion plans that Pennsylvania legislators are considering would use federal[…]
Legislators in Harrisburg are considering a proposal from state Sen. Daylin Leach, D-Wayne, that would make Pennsylvania the first state to impose a statewide tax on the use of plastic bags.
Although at first glance Nebraska’s tax system may appear competitive nationally, it lags behind its regional neighbors, who are its primary competitors for attracting new businesses to the state.
Over the past several years, the federal government has launched several programs to encourage the development of new and advanced telecommunications services in all areas of the country. The two[…]
A new study released by the Small Business Administration funded with taxpayer money examines the effects of Internet sales taxes on small businesses. The study has drawn swift criticism from[…]
Despite the success of recent reforms, legislators are now considering undermining positive flood insurance reforms by extending wasteful flood insurance subsidies in response to complaints from homeowners in high risk[…]
Yesterday, Chairman Goodlatte (R-VA) and Representatives Eshoo (D-CA), introduced the Permanent Internet Tax Freedom Act. This proposal is designed to ensure consumers’ access to broadband is protected from onerous local[…]