TITLE

Federal Tax Increases Said To Cost States Billions

AUTHOR(S)
N. M.
PUB. DATE
March 1989
SOURCE
Education Week;3/15/1989, Vol. 8 Issue 25, p17
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that increases in federal excise taxes have cost state governments 3.7 billion in revenue in Washington. The report stated that federal tax increases imposed on alcohol, gasoline, and cigarettes in 1983 raised the price of those products, and thus lowered consumer demand for them. According to Samuel B. Nunez Jr., president pro tem of the Louisiana Senate, increased federal excise taxes represent an encroachment on a traditional source of state revenue.
ACCESSION #
21056377

 

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