Posted by: audreybenenati | May 17, 2010

New Study Confirms $1 Cigarette Tax Increase Will Produce Large, Sustained Revenue Needed to Cut North Carolina Budget Deficit


RALEIGH, N.C., May 17 /PRNewswire-USNewswire/ –As the legislative session begins, a report released today by a tobacco policy expert at the University of Illinois at Chicago confirms that a significant cigarette tax increase in North Carolina will produce a large, sustained increase in state tobacco tax revenues. Several states, including South Carolina, have recently raised tobacco taxes to deal with budget shortfalls.

"This report joins the mountain of evidence showing why raising the cigarette tax is exactly what North Carolina needs to help tackle our budget problems," said Pam Seamans,. Executive Director of the North Carolina Alliance for Health. "As we saw last week in South Carolina more states are increasing the cigarette tax to raise revenue and protect vital programs like education and law enforcement from deep cuts, while preventing kids from smoking and saving lives at the same time," she said.

Read the rest at http://www.prnewswire.com/news-releases/new-study-confirms-1-cigarette-tax-increase-will-produce-large-sustained-revenue-needed-to-cut-north-carolina-budget-deficit-93934834.html

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