Money Talks: Taxes, States and Sinners
Friday, August 28 2009
by Frank Stasio and Lindsay Thomas
Last year's economic collapse put most state’s budgets in the red. In North Carolina, legislators decided to solve the four billion dollar shortfall with program and job cuts, a slight sales tax increase and some reform to income tax law. Other states, however, placed or increased taxes on everything from tobacco and alcohol to sugary sodas and online pornography. Elon University Law Professor Andrew Haile joins host Frank Stasio to discuss whether North Carolina will soon follow suit and to talk about what happens when lawmakers rely on sin taxes.
