DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post

**fd8IIys2** · 06-21-2010, 07:09 AM

http://www.myfoxny.com/dpp/news/loca...ks-20100619-ac

Cigarette Tax Will Mean $10 Packs

Updated: Sunday, 20 Jun 2010, 11:54 AM EDT
Published : Saturday, 19 Jun 2010, 8:18 PM EDT

ADRIAN CARRASQUILLO

MYFOXNY.COM - Almost $11 for a pack of cigarettes? It might soon become a very real reality in many stores in New York City.

The cigarette tax in New York would jump $1.60 a pack under a tentative deal struck between Governor David Paterson and state government leaders.

The proposal is part of an emergency budget bill which is due for a vote on Monday.

In the city, which levies steep taxes of its own on tobacco products, a pack of cigarettes would come with a tax of $5.85, making it the nation's first city to break $5.

The Paterson administration hopes the proposal would generate $440 million in revenue this year, which would be a help close the state budget gap which is estimated to be over $9 billion. Despite the dire budget situation there is no guarantee that the emergency bill will pass after Republicans threatened to vote against a bill that includes tax increases.

By at least one estimate, half the cigarettes consumed in New York are purchased from Native Americans who don't collect and pay state taxes. A new proposal would attempt to limit the number of cigarettes purchased from tribes.

06-21-2010, 07:09 AM	#1
fd8IIys2 Join Date Oct 2005 Posts 398 Senior Member	NYC: Cigarette Tax Will Mean $10 Packs http://www.myfoxny.com/dpp/news/loca...ks-20100619-ac Cigarette Tax Will Mean $10 Packs Updated: Sunday, 20 Jun 2010, 11:54 AM EDT Published : Saturday, 19 Jun 2010, 8:18 PM EDT ADRIAN CARRASQUILLO MYFOXNY.COM - Almost $11 for a pack of cigarettes? It might soon become a very real reality in many stores in New York City. The cigarette tax in New York would jump $1.60 a pack under a tentative deal struck between Governor David Paterson and state government leaders. The proposal is part of an emergency budget bill which is due for a vote on Monday. In the city, which levies steep taxes of its own on tobacco products, a pack of cigarettes would come with a tax of $5.85, making it the nation's first city to break $5. The Paterson administration hopes the proposal would generate $440 million in revenue this year, which would be a help close the state budget gap which is estimated to be over $9 billion. Despite the dire budget situation there is no guarantee that the emergency bill will pass after Republicans threatened to vote against a bill that includes tax increases. By at least one estimate, half the cigarettes consumed in New York are purchased from Native Americans who don't collect and pay state taxes. A new proposal would attempt to limit the number of cigarettes purchased from tribes.
	Quote