Monday, June 21, 2010

NY state poised to assess nation's cigarette tax

http://www.reuters.com/article/idUSN2126757620100621

Cash-hungry New York state on Monday was poised to enact the highest cigarette tax in the nation, boosting its levy by $1.60 a pack to $4.35.

My opinion: No matter how much money the government gets, it will always find ways to spend it. You have to cut spending, not just raise taxes.

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