Cigarette tax plans may get panel OK
The plan calls for the state to raise taxes by 9 cents a pack on name-brand cancer sticks, but 40 cents on generics. Apparently, this is because the big death merchants are paying the state lots of money from the lawsuit settlement, while the small, mom-and-pop death merchants that sell generics aren’t.
After reading a recent TCS article, it might benefit the state mroe to get shares of stock in the tobacco comapnies than raising taxes which will eventually lead to killing the golden goose.
Of ocurse I will never touch a cigarette or use many “vice products”, but I wouldn’t mind investing in them
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