The Impact of Bill 18-150 on the Economy of Washington, D.C.
This report from the Beacon Hill Institute at Suffolk University finds the bag tax that shoppers in Washington, D.C. have been paying for more than a year is a job killer and economic loser.
The levy covers even those little plastic bags that Subway sandwich shops put your foot-long in. Macy's has to charge a bag tax with all purchases storewide for the simple reason that it sells Godiva chocolates.
According to the report, the bag tax will result in the elimination of more than 100 local jobs and precipitate a $5.64 million decline in aggregate disposable income for 2011. The majority of this income would have been spent in the District of Columbia and, as a result of the bag tax, D.C. will now needlessly forgo an additional $108,340 in sales tax revenue and, as often happens with taxes of this nature, the poorest are hit the hardest.