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Mon Oct 29, 2018, 06:07 AM

$800 million wine, beer, sin tax to slam small business

The Oregon Governor Kate Brown and Oregon Health Authority are seeking to raise $830 million in new sin taxes next year by paying higher taxes for their cigarettes, beer, and wine. The tax would be be massive hit to consumers pocketbook and would seriously hurt local grocers ó hurting smaller family owned grocers worse than bigger grocery chains. Oregonís famous wine industry would also be hit. Even worse, the colossal sin tax may not work as detailed in our 2018 report, Sin taxes hurt everyone but the user.

The OHAís draft 2019-21 budget, a 2,050-page document reported by Willamette Week, shows that the state may increase sin taxes to cover the stateís rising Medicaid costs.

The budget document suggests raising the tax on cigarettes by 150 percent, from $1.33 to $3.33 per pack, which would put Oregonís cigarette tax on a par with Washingtonís and bring in an additional $300 million annually.

The draft budget notes that Oregonís beer and wine taxes havenít even kept up with inflation. The state hasnít increased taxes on beer in four decades and wine in 32 years.

Read more: http://oregonbusinessreport.com/2018/10/830-million-wine-beer-sin-tax-slams-small-business/

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