Menthol Bans Will Spell Financial Hit to State Coffers

Back in March, the Food and Drug Administration (FDA) announced it was planning “to prohibit menthol as a characterizing flavor in cigarettes and prohibit all characterizing flavors (other than tobacco) in cigars.” The proposal is rooted in the agency’s desire to “significantly reduce disease and death from the use of combusted tobacco products, the leading […]

Plastic Bag Restrictions Nickel and Dime Consumers

Amidst a 40-year high inflation rate that now stands at 7.9% nationally, numerous cities, states, and counties throughout the country are moving ahead with plans to introduce bans or taxes on plastic bags that will nickel and dime consumers for everyday shopping.  Predicated on the notion that such restrictions are needed to help combat climate […]

States are Right to Consider Removing Taxes on Groceries

As Americans continue to grapple with the reality of high inflation and surging food prices, a record number of states are moving to alleviate some of that burden at the grocery store. Over the last few months, legislators in Alabama, Kansas, Missouri, Oklahoma, Utah, and Virginia have proposed either lowering or eliminating their state’s sales […]

Taxes and Regulations Hamper the Restaurant Industry’s Road to Recovery

The restaurant industry has always been a high risk industry that operates on relatively tight margins. The impact of the Covid-19 pandemic and accompanying rules and regulations have made things infinitely more difficult for those in the business. Now the industry faces a plethora of new challenges including a 7.5% inflation rate, supply chain issues, […]

Taxes Impact 5G Services and Consumers

While much has been written about President Biden’s Build Back Better (BBB) agenda and its large investment in physical and social infrastructure, several tax provisions have received far less attention, but have the potential to have sweeping consequences. These provisions diverge sharply from the spirit of BBB, which is framed as an investment in our […]

Washington Times: Congress Pushes for Tobacco Death and Taxes

Electronic cigarettes have been the single greatest advancement in tobacco harm reduction since scientists proved a link between smoking and cancer in the 1960s. While the use of electronic cigarettes is not without risk, studies have shown that they are far healthier than combustible products. Georgetown University Medical Center recently estimated that replacing combustible cigarettes […]

Inside Sources: Soda Tax Falls Flat, Again

Earlier this year, the District of Columbia Council attempted to pass a tax of $0.15 per ounce on sodas and other drinks with high sugar content. Despite a belief that the tax would “discourage residents from buying sugary drinks” and choosing healthier alternatives, early evidence suggests a tax would do little to curb consumer habits […]

The Hill: Taxing Climate Change

As environmental catastrophes, like storms and earthquakes, appear more frequent, the ability of consumers to protect themselves from significant financial losses is more paramount than ever. But as American consumers, as well as state and local governments, prepare to cope with climate change, things will soon be much more expensive for consumers, in part due to […]

E-Cigarette Taxes Keep Smokers Smoking

The Tobacco Tax Equity Act of 2021 (TTEA) was introduced at the end of April in both Houses of Congress by U.S. Senators Dick Durbin (D-IL).Ron Wyden (D-OR), and Representative Raja Krishnamoorthi (IL-D-08). If passed, the bill would establish new tax rates on both e-cigarette and tobacco products potentially causing an increase in the smoking […]

Inside Sources: Proposed International Taxes Would Devastate Consumers

In January 2019, the Organization for Economic Co-operation and Development (OECD) announced its intention to move negotiations forward on the development of a new global minimum corporate tax rate. Under the proposed rule, OECD members would be required to tax corporations headquartered within their borders a specific minimum rate on profits made internationally. The OECD claims a minimum corporate tax […]