MONTPELIER, Vt. (AP) — The Vermont House has advanced a wide-ranging package of tax increases that will raise collections from upper-income households, levy the sales tax on soda and candy and add 50 cents to the tax on a pack of cigarettes, among other things.
Supporters say the package is needed to meet a variety of needs for new revenues, ranging from increased child care subsidies to money for low-income heating assistance.
But critics spent much of Wednesday afternoon complaining that the new levies — especially those on retail sales — would send more business to low-tax New Hampshire.
The new taxes — about $27 million worth in 2014 — follow House passage of an increase in the Vermont gasoline tax.
The measure awaits final House approval before going to the Senate.Tags: