Money

Video: Raising Cigarette Taxes Means More Smuggling

| by Cato Institute

By Tad DeHaven

 

The Mackinac Center’s Michael LaFaive and Todd Nesbit have released a new study on the ill-effects of raising cigarette taxes at the state and local level. Cigarette tax hikes have become a popular choice for spend-happy state policymakers looking for money in these tough economic times.

Also check out their accompanying video on the topic:

show http://www.youtube.com/watch?v=IxFrZCl-0Ig&feature=player_embedded