Thomas Jefferson Institute for Public Policy

Tax Reform

April 2018

The Impact of Cigarette Tax Increases on Local Government Budgets
The Impact of Cigarette Tax Increases on Local Government Budgets — Cigarette tax increases rarely produce the revenue expected by local governments, according to a new study released by the Thomas Jefferson Institute.  Fairly consistently, the tax increases produce a decrease in revenue, don't meet expectations, miss budget projections, or simply produce mixed results that often turn flat or negative in the following years.  (1/3/2018) 

Read It Here!

Read Study Updated with April 2018 Appendices Here!

January 2018

Jefferson Journal:  Cigarette Tax Increases Rarely Produce Promised Revenue
Jefferson Journal: Cigarette Tax Increases Rarely Produce Promised Revenue — By Michael Thompson  Increased cigarette taxes rarely produce the revenue expected by local governments.  Fairly consistently, the tax increases produce a decrease in revenue, don't meet expectations, miss budget projections or simply produce mixed results and often turn flat or negative in the years following a tax increase.  1/15/2018  Read It Here!

November 2017

Third Annual Conference on Virginia's Economic Future:  What Does Tax Reform Mean For You?
Third Annual Conference on Virginia's Economic Future: What Does Tax Reform Mean For You? — The Thomas Jefferson Institute's Third Annual Conference on Virginia's Economic Future was held Friday, November 10, 2017 and featured presidential campaign economist Stephen Moore, NFIB economist Bill Dunkelberg, and Virginia's top financial advisor Steve Cassaday.  Here are the powerpoints of their presentations:

See Steve Moore's presentation

See Bill Dunkleberg's presentation

See Steve Cassaday's presentation

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