Lunch Links: Puerto Rico Bill Advances; California to Vote on Marijuana; No Yoga Tax Carveout for Missouri

June 29, 2016

Today is June 29, the date in 1767 when the British Parliament began passing the Townshend Acts, a series of import taxes on the American colonies to replace the reviled stamp act. Widespread resistance to the taxation without representation led to British troops being deployed, which led to the Boston Massacre of 1770. The Townshend taxes were repealed soon after, replaced by a tax on tea.

Here are some interesting links I came across:

  • Senate Closes Debate on Puerto Rico Bill: The vote was 68 to 32 to end consideration of amendments and move to a final vote. Senators Bob Menendez (D-NJ), Maria Cantwell (D-WA), and Bernie Sanders (I-VT) sought amendments to reduce the power of the proposed financial oversight board for the debt-burdened island. (Politico)
  • California to Vote on Legalizing and Taxing Marijuana: Supporters gathered 600,000 signatures (365,880 are required) to put the measure on the November ballot. It would tax marijuana at a 15 percent tax rate. (Los Angeles Times)
  • Pennsylvania House Approves Budget: The $31.6 billion spending plan exceeds projected tax revenues, and it’s likely a cigarette tax increase will be used to cover the gap. (Penn Live)
  • New Jersey May Say Yes to Gas Tax Increase: The House passed a plan to raise the tax by 23 cents per gallon effective July 1, and include a drop in the state sales tax from 7 percent to 6 percent. Governor Christie (R) supports that version but the Senate prefers phasing out the estate tax and is set to vote tomorrow. (Patch)
  • Wisconsin Governor Says No to Gas Tax Increase: Gov. Scott Walker (R) said the focus should be on being more efficient with existing dollars. (Right Wisconsin)
  • No Yoga Tax Break for Missouri: Gov. Jay Nixon (D) vetoed a bill to carve out payments to yoga studios from the sales tax that applies to all other transactions. (St. Louis Public Radio)

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