response 2 - 11/14/06 Econ 1B Paper #2 Policy Analysis:...

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11/14/06 Econ 1B Paper #2 Policy Analysis: Proposition 86 In the recent election on November 7, 2006, the state of California has numerous propositions that the registered voters will vote on. I will begin to discuss proposition 86 and analyze it from an economic perspective. Proposition 86 was put on this year’s ballot by petition signatures. Proposition 86 imposes additional $2.60 per pack excise tax and indirectly increases taxes on other tobacco products. It is been said by the State Attorney General to provide funding for various health programs, children’s health coverage, and tobacco-related programs. The fiscal impact is an increase in excise tax revenues of about $2.1 billion annually in 2007-08 spent for the specified purposes outlined above. There are other potential significant costs and savings for state and local governments due to program changes. The arguments for proposition 86 are that it reduces smoking and saves lives. A study by the California Department of Health Services says Proposition 86 will
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This note was uploaded on 09/08/2010 for the course ECON 1B at San Jose State University .

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response 2 - 11/14/06 Econ 1B Paper #2 Policy Analysis:...

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