excise

Since April of this year, electric cars stopped being exempt from vehicle excise duty, due to a change made in the 2022 Budget.

Pantheon Macro estimates the U.S. has collected $34 billion this month in customs and excise tax—on track to $400 billion over a year in tariff revenue.

Its opening words say: “All legislative powers ... shall be vested” in Congress, and the elected representatives “shall have the power to lay and collect taxes, duties, imposes and excises.”

According to Althouse, it helps excise the emotional pain, giving it physical form — a release of sorts.

This is underscored by weaker-than-expected customs and excise taxes collected by the U.S.