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Business & Economics PRESS ROOM |
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Proposed State Tobacco Tax Increase
Submitted by Lance T. Izumi, J.D. on 7.23.2002
In order to close the state’s massive budget deficit, Gov. Gray Davis proposes a slew of tax increases, including raising the state’s tobacco tax by 72 percent to a whopping $1.50 per pack of cigarettes. Davis estimates that the tobacco tax hike will bring in nearly half-a-billion dollars in additional revenues. Before he banks on these added tax dollars, however, Davis would be well advised to look at the problems currently being experienced by states and countries with high tobacco taxes.
Technology Needs TPA
Submitted on 7.18.2002
Silicon Valley entrepreneurs are abuzz because there's finally hope that a bill to grant the President greater authority to negotiate international free-trade agreements might actually pass. Freer trade will stimulate the economy and help poorer countries, so it's shocking that "Trade Promotion Authority" has been so tough to deliver.
Just send scoundrels to jail
Submitted by Lawrence J. McQuillan, Ph.D on 7.10.2002
With each new corporate accounting confession, the response from politicians has been predictable: Blame the other political party for creating a “climate of abuse” and advance regulations to “fix the problem.”
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