Strangling the Golden Egg laying goose

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Strangling the Golden Egg laying goose

Post by SamCogar on Tue Oct 22, 2013 5:46 am

Proposed Chicago cigarette tax would lead to highest rate in nation

Chicago Mayor Rahm Emanuel plans to increase the cigarette tax by 75 cents a pack -- a move that would raise total taxes to $7.42-per-pack, giving Chicago the highest rate in the nation. á

The proposal was reported by The Chicago Sun-Times. With the cost of a pack of cigarettes between $4 and $5, the tax would push the total cost well above $11.

Plus, according to the Sun-Times, smokers are already driving across state lines to Wisconsin and Indiana for cheaper cigarettes -- and that could continue. The report said Chicago's cigarette tax revenue has fallen over the years, amid the tax hikes -- from a 2006 high of $32.9 million to $16.5 million now.

Read more @ - http://www.foxnews.com/politics/2013/10/21/proposed-chicago-cigarette-tax-would-be-highest-rate-in-nation/?intcmp=latestnews
Mayor Rahm Emanuel will surely now be a special friend of the cigarette smugglers.

Their blackmarket profits will now probably double thanks to that new tax increase ..... and Chicago's cigarette tax revenue will surely decrease 3 or 4 more million.

SamCogar

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