As I said before, Democrats never met a tax they didn't like. Or hike.
Now the far-left in Santa Fe are targeting retail alcoholic taxes for a major hike. The hike will be up to 651%.
The Piñon Post reported:
On Monday, legislators in Santa Fe, New Mexico, advanced House Bill 213, which aimed to modify the state’s approach to alcohol taxation. The proposed legislation intends to shift the taxation from being imposed on wholesale transactions to being applied at the retail level.
According to the Legislative Finance Committee, this adjustment might lead to an increase in the cost of alcoholic beverages and cocktails when bought in dining establishments while potentially reducing the prices of certain packaged liquors sold in retail outlets. The committee highlighted that alcohol taxes in New Mexico have remained unchanged for over two decades.
The bill also suggests an exemption from excise taxes for small-scale producers such as microbreweries, craft distilleries, and boutique wine producers, maintaining a tax framework that favors these small entities.
According to Errors of Enchantment by the Rio Grande Foundation, the bill would hike prices on beer and cider by 651 percent, wine by 376 percent, spirits by 353 percent, and fortified wine by 161 percent.
“We have previously discussed the fact that New Mexico’s taxes on alcohol are NOT low. In fact, our tax on wine is already 5th-highest in the nation,” wrote the outlet.
To read more, go here.
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