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Voters approved these state tax increases

Source: cnbc.com - Nov 10, 2016

While President-elect Donald Trump has proposed the biggest tax cuts since Ronald Reagan, voters in several states approved tax increases on Tuesday.

The largest potential state tax hikes came in the form of levies on recreational marijuana sales in at least three states. Voters in California approved a tax increase on top earners and Maine may follow suit.

Meanwhile, voters rejected grander tax proposals. A Washington state measure to tax carbon emissions and a Colorado proposal to raise taxes to create a state-run, single-payer health-care system failed at the ballot box.

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Category: General Business

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