1. The economy is in free-fall, and targeted taxes will be raised on minority constituencies. Across-the-board tax hikes may not be in the cards, but taxes on beer and cigs are very likely.I railed against this in the last session (see here for a general discussion, here for a philosophical discussion, and here for a rant against Steve Duin), so I'll skip that for now. I mainly want to alert you to the salient points that distinguish the horribleness of this year's harebrained scheme from last sessions (comparatively elegant and well-reasoned scheme).
2. The GOP can't stop Dems from raising taxes.
- This iteration does not have an exemption for barrelage. Last session's exempted breweries that sold less than a certain number of barrels in Oregon (125k jumps to mind), but this tax would apply to every single barrel of beer sold in Oregon.
- The tax would represent a 1900% increase, the largest in American history, raising the excise tax on a barrel of beer to $52.21. The national average is $7.87.
[Update. The text of the bill is here.]