According to News Channel 8 in Maryland, “The last time the state of Maryland raised its tax on liquor, Dwight D. Eisenhower was in the White House.” And according to us, that’s a good thing.

Increasing drink taxes is a terrible idea for a whole host of reasons, including:

Excise taxes are known to be the most regressive form of taxation, impacting those with lower incomes far more than those who are wealthy.

Alcohol is already overtaxed. For example, 52% of the purchase price of a typical bottle of spirits in Maryland goes to pay taxes and fees.

Alcohol taxes are job killers

Not to mention that raising taxes while Marylanders struggle through dismal economic conditions is a bad move.

Yet, a handful of Maryland lawmakers insist on pushing an alcohol tax increase. We hope that the full legislature will realize that increasing drink taxes is the wrong move.

This entry was posted on Tuesday, October 20th, 2009 at 10:19 am and is filed under Drink Taxes. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.