Thanks to TABOR, Colorado's taxpayer bill-of-rights law, tax revenue that comes in over a certain threshold is mandated to be returned to the taxpayers. Colorado is expecting excess revenue this year, as Governor John Hickenlooper has said, and a rebate will be in order.
Illinois is trying to implement a new soda tax in the face of evidence that soda taxes don't work.
The legislators in Washington figure that a $25 tax on bicycles that cost more than $500 should garner about a million bucks for roads.
When soft drinks were invented in the late 18th century, they were sold mainly in pharmacies and used for their “medicinal qualities,” which were thought to treat everything from stomach ailments to headaches and even impotence. How times have changed.
Taxing any disfavored behavior takes us down a slippery slope leading to government intervention into every decision we make. Such a scheme could never be fair and effective.
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