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New York Considers Big Tobacco Tax Increase
April 1, 2008

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News Summary

New York, which already charges $1.50 in taxes on every pack of cigarettes, may add another $1.25 in taxes per pack to raise $265 million in new revenues, the Albany Times-Union reported March 31.

In New York City, the new levy would be added onto state and local taxes that currently total $3 per pack. The budget plan being discussed by state lawmakers also would change the tax on snuff and other moist tobacco products to be based on weight, which would amount to a tax increase on such products.

The taxes are being eyed as a way for the legislature to pay for $500 million in proposed spending that exceeds the governor's budget, including more funding for health care.

COMMENTS ON THIS ARTICLE:

Posted by mspeg 61 on 02 Apr 08 07:53 PM EDT
I am getting really tired of smoker's being "taxed" and required to pay the raises for politicians. I work just as hard for my money as any one else. I pay taxes on my property, my food, my gas, my entertainment, my income. Enough is enough!!!!! I think that smokers should get a break. I say let the alcoholics pick up this one...

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