excise taxes | Citizens Against Government Waste
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excise taxes

IM 25: Bad for South Dakota

On Tuesday, November 6, South Dakota voters will decide whether to approve Initiated Measure 25 (IM 25).  This measure would increase taxes on cigarettes by $1 per pack and increase the wholesale tax on tobacco products from 35 to 55 percent.  The revenue, it is claimed, will be devoted to the state’s four technical schools.  These institutes’ mission is to offer “associate degree, certificate, and diploma programs in the state’s high-need career fields.”

New Jersey Faces Plethora of Tax Increases

In the spring of 2018, New Jersey’s new governor and leaders in the legislature were arguing about which state taxes to raise.  Governor Phil Murphy had pledged to soak the wealthy with a state individual income tax of 10.75 percent on all income more than $1 million, but powerful State Senate President Steve Sweeney preferred a tax increase on corporate income.

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