Indexing: The Obama Administration Gets It

I have often deplored the failure to index weight- and potency-based excise taxes on alcohol, tobacco, and marijuana, so it’s heartening to see the Obama budget call for indexing of tobacco tax rates (as well as an increase).  There’s more of the same in the budget’s call for indexing of tax penalties.  I have high hopes.

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Author: patoglesby

From 1982 to 1990, I worked in tax policy for Committees of the United States Congress. In recent years, I was Adjunct Lecturer at UNC-Chapel Hill's Business School and then Adjunct Professor at its Law School.

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