MacIver Marketplace, March 11th, 2016

A new report shows that capping how much people can pay for drugs out-of-pocket may not actually help those it is supposed to. That’s in addition to creating extra costs for consumers as the regulations disrupt normal market forces.

Last week we highlighted how New York makeup artists needed more training to get a license than EMTs did. Today’s story highlights an equally disproportionate application of tax policy. The Philadelphia mayor recently proposed a soda tax which is 48 times higher than the city’s tax on beer.

The Tax Foundation has released another chart ranking the states based on their sales tax rate.