Cigarette Tax: General Assembly Votes to Kill 4,100 Jobs

Download the .pdf version here.   With the House and Senate voting to override the governor’s veto of a 50-cent cigarette tax increase, it’s worthwhile to revisit the reasons why this tax increase is going to cost jobs and hurt South Carolina’s economy. As we wrote before session began, legislators were bound to consider raising […]

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5 Things You Need to Know About the Cigarette Tax Increase

Just last week, the House Ways & Means Committee pushed through a 30 cent per pack cigarette tax increase as a proposed proviso in the FY10-2011 budget. The tax increase is the third cigarette tax hike considered in as many years. But, as opposed to last year’s bill passed by the House (H 3584), this […]

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Proposed Cigarette Tax Increase to Cost SC 4,100 Private-Sector Jobs

Legislation under consideration by the South Carolina Senate would raise the cigarette tax by 700 percent and cost the state more than 4,100 jobs, according to a dynamic analysis conducted by economists at the Beacon Hill Institute at Suffolk University. The tax increase is expected to particularly hurt low-income workers employed in the retail sector of South Carolina€™s economy.

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Cigarette Tax Increase

Written by: Sven Larson, PhD The tax increase passed by the General Assembly, and vetoed by the Governor, would have used new revenue largely to expand Medicaid eligibility. Medicaid costs are rising at 8 percent annually, according to the U.S. Department of Health and Human Services. Meanwhile, the tax increase would actually cause tobacco revenue […]

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The Economic Impact of a 45 Cent Tobacco Tax Increase

Despite a surplus of more than $1.3 billion in tax revenues for 2006, lawmakers in Columbia are looking to increase taxes on cigarettes by 45 cent a pack. Not satisfied with nearly $30 million dollars in cigarette tax revenue for 2006, policy makers plan to roll out a regressive tax that will cost the state […]

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How A Tobacco Tax Increase Would Negatively Impact South Carolina

Another Year, Another Tax Hike Proposal: How A Tobacco Tax Increase Would Negatively Impact South Carolina Tax and spend advocates have long argued that South Carolina needs to increase its sales tax on tobacco. For years their rationale was that South Carolina needed the extra tax revenue to provide a quick fix solution to the […]

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No Taxation Through Litigation

Written by: Peter J. Ferrara In his State of the Union Address in January, 1999, President Clinton announced that the Justice Dept. is preparing a litigation plan to take the tobacco companies to court. Clinton had ordered the Justice Dept. to sue cigarette manufacturers to recover the alleged costs paid by Medicare to treat smoking […]

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