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May 31: The bag tax

Tuesday - 5/31/2011, 9:09am  ET

Is D.C.'s nickel a bag bag tax having a negative effect on business? If you believe the Alice Ferguson Foundation -- an environmental activism group -- the answer is no. The Foundation's survey showed that 78 percent of businesses surveyed claimed the tax had either a positive or neutral effect on their bottom line. Recent statistics show that the District reduced bag usage from 270 million in 2009 to 55 million in 2010, while bringing in $2 million in revenue.