Cato @ Liberty » The Tobacco Tax Hike

The Tobacco Tax Hike

Posted By Chris Moody On April 1, 2009 @ 5:45 pm In General,Tax and Budget Policy | Comments Disabled

A federal tobacco tax hike took affect today, raising the price of cigarettes by 62 cents per pack.

Appearing on CNN today, Cato’s Chris Edwards says this tax will hit the poor ^[1] more than anybody.

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[1] this tax will hit the poor: http://www.cato-at-liberty.org/2009/03/30/obamas-first-tax-hike-hits-the-poor/

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