As food prices remain high, some states put grocery taxes on ice

Malaysia News News

As food prices remain high, some states put grocery taxes on ice
Malaysia Latest News,Malaysia Headlines
  • 📰 TucsonStar
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 59%

As inflation soared in the past year, families in some states suffered a double whammy — paying food sales taxes on top of higher-priced groceries.

At least five of the 13 states where groceries were taxed as of last Jan. 1 passed laws to reduce, eliminate or ease the pinch — Kansas, Virginia, Illinois, Tennessee and Idaho. Efforts failed in several other states.

Grocery taxes that remain are “there for a reason. They’re needed as part of the revenue system, or because would rather cut other taxes,” such as the income tax, Auxier said. Participants in the federal Supplemental Nutrition Assistance Program , better known as food stamps, generally are shielded from grocery tax collected separately at the point of sale, but in some areas, tax already is included in the shelf price of some items. So, SNAP participants do pay the tax on those items. Recipients also typically run out of benefits before the end of the month.

Walczak argued in a recent report that a more comprehensive approach would broaden sales taxes to include groceries and consumer services , paired with a grocery tax credit and income tax reductions.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

TucsonStar /  🏆 339. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Research: How Price Changes Influence Consumers’ Buying DecisionsResearch: How Price Changes Influence Consumers’ Buying DecisionsWhether on retailers’ own platforms or through third-party price tracking services, today’s consumers often have access to detailed information regarding changes in a product’s price over time. But how does this visibility influence their purchasing decisions? Through a series of studies, the authors found that buyers are more likely to buy now if they see a single large price decrease or a series of smaller price increases, because they’ll assume that the price will go up if they wait. Conversely, they’re more likely to hold off on buying if they see a single large price increase or a series of smaller decreases, because they’ll assume the price will fall. As such, they argue that sellers should consider this effect when pricing their products, while buyers should recognize and question this natural tendency — to expect price streaks to continue and single large changes to reverse — before acting on it.
Read more »

Cox gives State of the State directed at Utah's youthCox gives State of the State directed at Utah's youthGovernor Spencer Cox delivered a State of the State address directed at the youth of Utah, promising a brighter future for them.
Read more »

Illinois state court allows limited pause on state's gun ban backed by Pritzker | CNN PoliticsIllinois state court allows limited pause on state's gun ban backed by Pritzker | CNN PoliticsAn Illinois judge on Friday granted a temporary restraining order barring the enforcement of a new Illinois gun control law against roughly 800 plaintiffs.
Read more »

State Rep. Hopes to Abolish Confederate Heroes Day as an Official State HolidayState Rep. Hopes to Abolish Confederate Heroes Day as an Official State HolidayState Rep. Jarvis Johnson, a Houston Democrat, announced  on Wednesday morning a new bill, House Bill 51, that aims to abolish Confederate Heroes Day as an official Texas state holiday. The occasion, established in 1973, falls annually on Jan. 19, which is also Robert E. Lee’s birthday, a state holiday...
Read more »

Is Abortion Legal in Your State? A State-by-State Guide to Current LawsIs Abortion Legal in Your State? A State-by-State Guide to Current LawsThe Supreme Court's decision to overturn Roe v. Wade sparked a slew of anti-abortion laws severely restricting the procedure across nearly half the country. Here's the status of abortion laws in each state.
Read more »



Render Time: 2025-02-26 14:14:33