excise tax

U.S. customs revenue surged to an all-time high in April as President Donald Trump's latest round of tariffs took effect, delivering at least $15 billion in customs duties for the month — a more than 60% increase over previous periods What Happened: On April 22 alone, the U.S. saw a record $11.7...

The broad coalition behind the "Suspend the FET" (federal excise tax) initiative continues to push for its inclusion in whatever pandemic-fighting stimulus package emerges from current negotiations on Capitol Hill. The idea behind suspending the FET on new truck sales is that such a step will spur...

After a 2012 attempt went up in smoke, California finally got around to vote for a measure that could curb smoking and tobacco consumption. Voters in the state supported a $2 tax on each pack of cigarettes, other tobacco products and e-cigarettes. This would bring up the taxes on a pack of...