Economic Impact of a Federal Excise Tax

July 2nd, 2007 by Peter Deery

The Tax Foundation recently released a report on the federal excise tax, SCHIP and a state by state breakdown of the economic impact of the tax increase. The report indicates that as many as 30 states will pay more than they receive from Senator Smith’s proposal and will more than double the amount currently spent on SCHIP. Read the report for yourself and see how we will pay as a result of this regressive tax

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