Latest news with #alcoholtax
Bloomberg
29-05-2025
- Business
- Bloomberg
Making the Case to Raise US Alcohol Taxes
Good morning, it's Fiona in New Americans probably don't realize they pay an alcohol tax on every bottle of wine they buy and every beer they have at a bar. Some people argue these taxes should be increased. More on that in a moment, but first ... Arthur Robin Williams, an associate professor of clinical psychiatry at Columbia University, says we're entering a new era when it comes to alcohol. Consumers are cutting back, quitting entirely and exploring alternatives, and both cancer warnings and higher taxes could accelerate the change.
Yahoo
06-05-2025
- Business
- Yahoo
Could Raising New Mexico's Alcohol Tax Save Lives?
ALBUQUERQUE, N.M. (KRQE) – Would higher taxes on alcohol reduce alcohol-related deaths in New Mexico? University of New Mexico researchers say yes. But the state hasn't changed the way it taxes alcohol for decades. This week's guests on the New Mexico News Insiders Podcast: Brady Horn, UNM Economics Professor and researcher Sen. Antonio 'Moe' Maestas, (D) Albuquerque Horn and Sen. Maestas join Chris and Gabby to explain the alcohol tax research's goal, the state funding behind it, and why it's such a controversial issue in the legislature. 'Alcohol harms people in New Mexico more than in other states as it relates to deaths,' explained Sen. Maestas. 'So we have the highest rate of alcohol-related deaths in the country. Alcohol is taxed extremely low nationally. It's shocking how low alcohol is taxed nationally. It's not even taxed the same as a normal commodity.' What's the best way to tax alcohol in the first place? Could higher taxes impact the local economy in a good or bad way? Those questions and more are addressed in the full discussion above. Horn also explains some of the ideas behind the 'social costs' of alcohol and how it relates to taxes. 'If I drink alcohol, it could have negative consequences on me, which is fine,' explained Horn. 'But it also could have negative consequences towards other people. And that's what makes alcohol special and different.' Horn added, 'Economists believe when a good has negative consequences on others, then some form of market intervention would be a good thing.' However, getting consumers, business owners, and lawmakers to agree on what that market intervention should be, is another story. Stay informed with the latest news by subscribing to the New Mexico News Insiders podcast wherever you listen. Download new episodes of the New Mexico News Insiders every Tuesday, starting around 5:30 a.m., Mountain time. Episodes are available on most podcast platforms, including Apple Podcasts, Spotify, and Podbean, among others. You can also watch our podcasts in video form, both on-air and online. Tune in to an abbreviated version of the New Mexico News Insiders podcast on broadcast television every Wednesday at 10:35 p.m. on Fox New Mexico. Full video episodes are posted on KRQE's YouTube page at Having trouble finding the show? Try searching your favorite podcast player with the term 'KRQE' or 'New Mexico News Insiders' (without the quotes). You can also use the links above to find the podcast on each service or listen to the audio player at the top of this post. If you have a question, comment, or suggestion for who should be interviewed on the podcast, let us know! Email your hosts at or Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. For the latest news, weather, sports, and streaming video, head to KRQE NEWS 13 - Breaking News, Albuquerque News, New Mexico News, Weather, and Videos.
