Calls to raise the federal minimum wage often overlook the fact that more than half the states have minimum wages that are higher than the federal rate. A few states are on track to raise their rates to $15 per hour.
June 2016, Volume 34, Issue 11
State Minimum Wages Mostly Track Cost of Living
If Every State Taxed Marijuana
Imagine if states had an extra $7.1 billion per year to spend on public goods and services. That’s the amount of new revenue the Tax Foundation estimates states would collect with a 20% sales tax levied on the retail sale of marijuana.