Yes, that's right 1500%. The full article is here.
Seems that California Assemblyman Jim Beall (San Jose Democrat) wants to increase the current beer tax from $0.02 per can or bottle to $0.32 each. A six pack would go up in price by $1.80. Estimates are that a barrel of beer would see tax increase from $6.40 to $89!
Assemblyman Beall said the tax would generate $2 billion a year to fund health care services, crime prevention and programs to prevent underage drinking and addiction.
Seriously, is this classic tax and spend politics or what? I have said before (and have no doubt will have plenty of opportunities to say again) Taxes are too high now. Budgets must be balanced, but balanced by not spending more. We can not afford every pet project of every person that somehow gets elected, or spends money to get somebody else elected. Stop it now.
The good news is that apparently this particular change will require a 2/3 majority in the legislature and passage by the electorate. Fat chance of that happenning.
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