Lunch Links: Bernie Sanders on the Campaign Stump for Health Care Initiative (and Tax) in Colorado; Nevada Gov. Signs Bills for Hotel and Sales Tax Increases to Fund NFL-Ready Stadium; Legality and Tax of Recreational Marijuana Examined in Michigan
October 17, 2016
Today is October 17, the date in 1931 when gangster Al Capone (1899-1947) was convicted of evading income taxes. (In 1927, the U.S. Supreme Court had ruled that the Fifth Amendment protection against self-incrimination did not protect criminals from paying tax on illegal income.) The following month he was sentenced to eleven years in federal prison, which he served in Atlanta and Alcatraz before being paroled in 1939.
Here are some interesting links I came across:
Sanders to Campaign for Colorado Health Tax Initiative: Bernie Sanders is heading to Colorado to campaign for Amendment 69, which would raise income taxes to almost 15 percent to pay for universal health care in the state. (KMGH-TV)
Soda Taxes Coast to Coast: Soda taxes in Berkeley and Philadelphia may spread to other cities and states; Elaine Povich runs down the issue and the arguments. (Stateline)
Kansas Critics Pushing Pass-Through Repeal and More: Kansas Gov. Brownback (R) is standing by making pass-through businesses completely exempt from income tax, but legislative losses may see a reversal of that policy, as well as increases in the income tax rate overall. (Associated Press)
Nevada Stadium Tax to be Signed Today: Gov. Brian Sandoval (R) will today sign bills raising the Las Vegas hotel tax to pay for construction of an NFL-ready football stadium and an expanded convention center. A separate bill raising the Las Vegas sales tax by 0.1 percentage points to pay for additional police will also be signed. (Las Vegas Review-Journal)
Michigan and a Legal Marijuana Market: While medical marijuana will soon pay a 3 percent excise tax in Michigan, Crain’s looks at the possibilities of legalizing and taxing recreational marijuana in the state. (Crain’s Detroit Business)
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