Proposal Puts 20,000 Jobs in California on the Line
LA MESA, Calif., Nov 17, 2008 (BUSINESS WIRE) -- Members of the Neighborhood Market Association strongly opposed the $4.4 billion dollar tax plan introduced in the Legislature today that would dramatically increase the cost of alcohol products.
The proposed tax hike on spirits, wine and beer will have detrimental impacts on local hospitality business, leading to loss of sales and potentially eliminating over 20,000 jobs statewide in the process. Furthermore, the projected loss in sales would reduce grocery, convenience and package store sales by nearly $470 million and restaurant and tavern sales by around $540 million. In total, retail sales are projected to decline by over $1 billion.
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