Lamont Budget: “Sin Tax”

Governor Ned Lamont’s budget pitch this week to the General Assembly is filled with “sin taxes” like deposits on alcohol, electronic cigarettes and sugary drinks. He wants to levy $1.5 cents per ounce tax on sugar-sweetened beverages, generating $163 million (approximately) in new revenue.

Soft drinks are widely considered to increase the risk of type 2 diabetes, heart disease and other chronic conditions. The diabetes-cardiovascular association is of particular concern among Hispanics, who tend to have a higher rate of diabetes than non-Hispanic whites.

According to the Center for Disease Control and Prevention:

  • Hispanics are about 50% more likely to die from diabetes than whites
  • Hispanics are at greater risk
...

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Ka-ching: How Hispanics Drive the Growth of U.S. Economy

Can you hear it?

Ka-ching.

There it is again. Did you hear it?

Ka-ching! Ka-ching!

That’s the sound of U.S. Hispanics/Latinos, making it rain benjamins, driving the growth of the country’s economy with their $1.7 trillion in purchasing power. A recent study finds that not only has this community contributed to the American economic boom in recent decades, but will continue to do so over the next 10 to 20 years.

According to The Economic Benefits of Latino Immigration: How the Migrant Hispanic Population’s Demographic Characteristics Contribute to US Growth analysis, among the contributions of Hispanic immigrants to the economy results not just from the quantity of the ...

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