I’m a strong supporter of Vermont’s sovereign right to hold the line on taxes, and for them to try because of New Hampshire–well, it doesn’t get much better than that. It is as if we are projecting economic power throughout the region.
First the basics. Wyler thinks cutting the tax by a buck a carton will actually increase revenue by attracting more out of state traffic. Ken is correct. A larger cut would be better, but I guess we can crawl before we walk. And with that in mind, lets review why it will raise more revenue. And I’m not even going to have to go very far for a decent flashback.