Which items would you choose to tax

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Reference no: EM133979194

Discussion Topic: Excise Taxes

You are a policymaker who is interested in increasing tax revenues in order to reduce the Federal budget deficit. One proposal that has been suggested is to increase excise taxes on certain goods. Some of the options suggested are:

vacation travel such as cruises
liquor and cigarettes
gasoline
theater and concert tickets

Based on your knowledge of supply, demand, the elasticity of supply, the elasticity of demand and how consumers maximize utility which items would you choose to tax? Explain why. Get Exceptional Assignment Help for all forms of Assignments.

Please respond using critical thinking and good communication skills. Include references when necessary to explain your viewpoints.
The initial post should be 200 to 500 words.

Reference no: EM133979194

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