Bag Tax Causes Greater Mess for D.C.'s Fiscal Environment


Posted by Matt Blumenfeld on Friday, August 24th, 2012, 5:25 PM PERMALINK


Yesterday Patrick Gleason, Director of State Affairs at ATR, had a piece published in the National Review explaining a new study recently conducted by the Beacon Hill Institute that examines the economic damage done by D.C.'s bag tax since its implementation two years ago. From the new study finds that the D.C. bag tax will yield the following results by 2016:

"Employment losses will rise to 136 net local jobs from 101 in FY 2011, and aggregate real disposable income will fall further by $8.08 million from $5.8 million in FY 2011. Investment declines will increase to $1.58 million from $600 thousand in FY 2011."

To read the column and report in its entirety, click here.

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