The new tax law extends credits for two and three-wheeled plug-in electric vehicles, effectively subsidizing Segways. It also continues a supplemental financing program for asparagus farmers that dates back to the Bush administration.
4 chapters across the catalog
The new tax law extends credits for two and three-wheeled plug-in electric vehicles, effectively subsidizing Segways. It also continues a supplemental financing program for asparagus farmers that dates back to the Bush administration.
Obama Executive Orders and the Christmas Tree Tax
Under the "We Can't Wait" initiative, the Obama administration announces a new 15-cent tax on fresh Christmas trees. The tax is intended to fund a federal program to improve the image and marketing of Christmas trees. The hosts ridicule the necessity of a government-mandated marketing campaign for a holiday staple.
California Agriculture, Marijuana Revenue vs Traditional Crops
Marijuana is the highest-valued crop in California, estimated at $17 billion annually, which dwarfs traditional agricultural products like milk ($7.3 billion) and grapes ($3.1 billion). Proponents argue that legalizing and taxing the industry could generate $1.4 billion in state revenue. Beyond its use as a drug, the hemp plant is noted for its potential in fuel and industrial production.
Britain's Court of Appeal ruled that Pringles contain enough potato to be legally classified as potato chips, making them subject to Value-Added Tax (VAT). Manufacturer Procter & Gamble had argued the product was not a potato chip in an attempt to claim a tax exemption. The hosts find it ironic that a company would fight to prove its product lacks the primary ingredient it is known for.