Punitive tax policy is wrong-headed
SOME TOBACCO companies have pulled another one on the federal government. By relabeling their product, the companies are avoiding a punitive tax placed on rollyour-own tobacco products. Congress and the Obama administration raised taxes on tobacco products earlier this year, with taxes on tobacco for roll-your-own cigarettes skyrocketing from $1.10 per pound to $24.78 per pound. That’s more than a 2,000-percent jump. Ostensibly, the tobacco ta ... Jump to full article >>





