The New York Post calls it a disaster that record-high cigarette taxes have created a booming black market.
New York’s cigarette taxes generated $139 million in October, up from $108 million in October ’09. Meanwhile the number of packs sold legally each month has plunged to 30 million, from 41 million before the tax hike.
Why worry that $13 packs are driving some smokers to Indian reservations and across state lines? Fiscally and socially, Paterson’s regime is a homerun.
Now check out the 15 biggest state budget gaps of 2011 > (New York isn’t on the list)
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