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Reynolds Says North Carolina Tax Plan Imperils Jobs (Update2)  

Jump to full article: Bloomberg News, 2009-06-16
Author: Chris Burritt

Intro:

Reynolds American Inc. said North Carolina Governor Beverly Perdue is putting manufacturing jobs at risk with her proposal to raise cigarette taxes by $1 a pack.

“We want more jobs, not taxes,” Daniel Delen, chief executive officer of Reynolds’ R.J. Reynolds Tobacco Co. unit, said today during a rally in Raleigh, North Carolina’s capital. “Taxes cause direct job losses.”

More than 400 Reynolds employees gathered to urge legislators to reject raising cigarette taxes in the state that grows the most tobacco in the U.S. and is home to Reynolds and Lorillard Inc.

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