what does the us debt clock foreshadow for the economy?
Across the country, governors and state legislators are trying to plug gaping holes in their budgets. Federal bailout money only goes so far. Are heavier taxes on beer a good option to boost revenue? Well, if New York’s recent experience is any guide, raising beer taxes will be fraught with controversy. New York Gov. David Paterson’s idea of raising excise taxes to cover a $14 billion deficit brought protesters onto the streets…or at least into meeting rooms. The plan is falling flat, partly because Anheuser-Busch is allowing (encouraging?) its workers to voice their vociferous objections. The company recently stopped production at a New York plant so workers from the 815-employee plant could go to news conference and blast the proposed tax hike — a 118 percent increase — in front of reporters. From a report on Syracuse.com: Gov. David Paterson’s proposal to increase the excise tax on beer is falling flat with Anheuser-Busch Inc., its wo
