NewYorkCityCigaretteTax
| 5:00PM 4/09/2008
A few weeks ago, I wrote a post in which I mentioned New York's plans to raise taxes on cigarettes. Well, the bill passed, and cigarettes are now $9 a pack in New York City. While this is sure to increase tax revenue in the short run, it's not hard to see how it will backfire. The first negative...