New York Tobacco Retailers Fear Consequences of Proposed Tax Hike

New York Tax Hike on Cigars Could Kill Business and Create Black Market, according to one local tobacco retailer.

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As stated in the article, state tax hikes on tobacco products have a running theme: states often have seen a decrease in state revenue. Also, these tax hikes don’t stop people from smoking or buying tobacco products, it drives them to seek out cheaper prices and costs the state business. Consumers have also switched their purchasing location, going from giving business to their local tobacconist to out-of-state shops. They’ve also been shown to purchase their tobacco products from tax-free Native American retailers and the Internet.

You can read the full article by Kommer from the New York Post by clicking here.