Tobacco.org

• Cigarette Taxes, Black Markets, and Crime: Lessons from New York s 50-Year Losing Battle 

The failure of New York policymakers to consider the broader effects of high cigarette taxes has been a mistake repeated across the country in the stampede to maximize tax revenue from this demonized product. Too often, policymakers do not consider these effects in the erroneous belief that people do not respond to government-created economic incentives. The negative effects of high cigarette taxes in New York provide a cautionary tale that excessive tax rates have serious consequences—even for such a politically unpopular product as cigarettes.

[This document describes Philip Morris' support of the Tax Foundation: http://www.tobacco.org/resources/documents/010205taxfoundation.html]

Jump to full article »