HudsonOpEdMug-e1519631443851-1280x1280.jpg

Miller HudsonMiller HudsonFebruary 26, 20186min1821

Tax policy is a conversation that makes taxpayers' eyes glaze over, especially when the politicians responsible for protecting them against runaway confiscation demonstrate a weak comprehension of economic realities. Academic tax debates examine concepts like efficiency, suppression, avoidance and tax fairness. When “sin” taxes grow too onerous, for example, black markets emerge for cigarettes, alcohol and soon, it seems likely in Colorado, marijuana. From a macroeconomic perspective taxes should shear profits from the healthiest sectors of the economy, recognizing this will prove a changing mosaic over time.


LaFaive_Medium_Square.jpg

Michael LaFaiveMichael LaFaiveAugust 10, 20167min365

An initiative that may appear on Colorado’s November’s ballot would, if adopted, nearly triple the state’s current cigarette excise tax. This, we believe the evidence shows, will usher in a wave of cigarette smuggling and other undesirable consequences. Voters should think twice before adopting this tax increase. Research shows high excise taxes invite scofflaws to traffic in illicit cigarettes, encourage corruption among public officials and trigger violence against people, property and police.