William Shughart | Thursday September 3, 2015 at 8:58 AM PDT | Comments Off on California’s Proposed $2 per Pack Excise Tax on Cigarettes
A bill introduced for consideration in an upcoming special session of California’s legislature proposes to add an excise tax of $2 per pack to existing state and federal excise taxes on cigarettes. Proponents estimate that the new tax (levied on distributors) will raise $1.5 billion to help pay the healthcare costs incurred by low-income...
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Tags: Budget and Tax Policy, California, cigarettes, Save Lives California, selective excise taxes, Service Employees International Union
Edward Lopez | Monday February 28, 2011 at 10:31 PM PDT | 0 Comments
Last Friday an Illinois court resurrected a previously overturned $10.1 billion tobacco verdict, sending the case back to Madison County, Ill., for a possible retrial. According to Yahoo! News carrying the AP story: In 2003, now-retired Madison County Circuit Judge Nicholas Byron found that Philip Morris misled customers about “light” and “low tar” cigarettes...
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Tags: California, cigarettes, class action lawsuits, Economics, Illinois Bar Foundation, Illinois Supreme Court, Judge Nicholas Byron, Law, Law and Economics, Philip Morris, public choice, tobacco verdict, U.S. Supreme Court