Taxing Sin (Alcohol, Tobacco, Junk Food, and Gambling)

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Dick Lavine /(512) 320-0222 x 101

January 14, 2009

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The 81st Legislature faces the tough task of writing a state budget for 2010-11 in the midst of a serious economic recession. Even in times of robust economic growth, the state’s antiquated revenue system does not produce adequate revenue. Texas must address this problem in the long run to ensure our prosperity. In the short run, policymakers may look at sin taxes as a way to raise additional revenue.