Allowing State Bankruptcies, Medical Marijuana Tax Revenue, Estate Tax Murders

November 29, 2010

Interesting articles I came across today:

  • Newly elected Republican governors meet to discuss budget cut strategies.
  • Colorado raises $2.2 million with its sales tax on medical marijuana.
  • Rhode Island Governor-elect Lincoln Chafee's plan to impose a 1% sales tax on currently exempt items would raise $121 million, much more than originally expected.
  • Michael Barone at National Review (subscribe) argues that the federal bankruptcy code should be amended to allow states to reorganize their finances under its "cram-down" provisions.
  • We're about a month away from the estate tax coming back to life, and the macabre incentive it gives to relatives of the dying.

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