By Martha C. White
Updated: November 9, 2016 12:49 PM ET

While Donald Trump’s victory grabbed most of the headlines early Wednesday, several down-ballot state and city ballot measures passed that will have a big impact on the cost of things Americans buy every day, according to the Tax Foundation.

Cigarettes: 62% of California voters approved a $2 tax on each pack of cigarettes sold in the state. Some of the money will go to programs that help people quit smoking. In Colorado, North Dakota and Missouri, though, increases to cigarette taxes were voted down.

Marijuana: The prospect of legalizing (and taxing) marijuana was rejected by Arizona voters, but voters in three other states — Massachusetts, Nevada and California — passed measures that legalize recreational pot and collect taxes on its sale. The tax rates range from 3.75% in Massachusetts to 15% in California and Nevada. (A ballot measure in Maine calling for legalization and a 10% tax was still too close to call.) These states join Colorado, Washington, Oregon, Washington, D.C. and Alaska, all of which already had measures legalizing recreational marijuana.

Soft drinks: Boulder, Colo., passed a two cents per ounce tax on soda, while the California cities of San Francisco, Oakland and Albany (also in the Bay Area) all passed a one cent per ounce soda tax.

Income: California passed an extension of a tax increase on high-income residents, while a measure in Maine was too close to call. California residents who make more than $263,000 ($526,000 married filing jointly) will pay between 1% and 3% more, with higher earners making more on a three-tier scale, with the rate going to 2% at $316,000 and to 3% at $562,000. A Colorado proposal to raise income taxes to pay for universal healthcare was voted down.

Carbon: A proposed carbon tax in Washington state failed.

Services: Missouri voters passed a measure that prevents extending the sales tax to services, and Oklahoma voters rejected a proposal to raise the state sales tax from 4.5% to 5.5%.

You May Like