Monday, April 20, 2009

more taxes for Joe Six-Pack

From the WSJ editoralists from April 15th...

Maybe the Dems are trying to appeal to social conservatives with sin taxes?

In any case, it's one more indication that neither party cares much about economic policy choices when it comes to the working poor and middle class.

Today is the dreaded April 15, but at least in Oregon it's even going to cost you more to drown in your tax sorrows. In their sober unwisdom, the state's pols plan to raise taxes by 1,900% on...beer. The tax would catapult to $52.21 from $2.60 a barrel. The money is intended to reduce Oregon's $3 billion budget deficit...

If it passes, Oregon will overnight become the most taxing state for suds, one-third higher than the next highest beer tax state, Alaska. The state may do this even though Oregon is the second largest microbrewery producer in the U.S. The beer industry and its 96 breweries contribute 5,000 jobs and $2.25 billion to state GDP....

For Oregon to enact punitive taxes on its homegrown beer industry makes as much sense as Idaho slapping an excise tax on potatoes or for New York to tax stock trading. Even without the tax increase, taxes are the single most expensive ingredient in a glass of beer...

But Democrats who run the legislature are desperate for the revenues to help pay for Oregon's 27.9% increase in the general fund budget last year....

Voters might want to remember this the next time Democrats in Salem profess to be the party of Joe Six Pack.

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