High on Pot Taxes
Is there a revenue jackpot for states that legalize marijuana?
Anne Kim is the vice president of domestic policy at the Progressive Policy Institute and a contributing editor at Washington Monthly. She writes about politics, poverty, social policy and economic opportunity. In addition to Governing, her work has appeared in The Washington Post, Atlantic.com, The Wall Street Journal, Democracy and numerous other publications. A lawyer and a journalist, she's worked as a reporter and radio producer, a corporate attorney and as a senior staffer on Capitol Hill for a Tennessee congressman. She is currently writing a book on youth policy.
Cities must resist this vocal minority using pseudoscience. Their budgets are at stake.
“Income share agreements” could lower loan payments and the financial risks of paying for college.
The new federal program could lure fresh investment to distressed areas. But the clock is ticking.
They’re a tempting alternative to raising taxes, but their long-term costs far outweigh the revenue they bring in.