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Proposal to Raise Taxes on Alcohol and Cigars
http://www.wetmtv.com/news/local/story.aspx?content_id=783afac9-1305-4f73-b40f-d83b86124421
Reported by: Camille Williams
Paying higher taxes on cigars and flavored alcoholic drinks might end up saving you money.
New York Governor Eliot Spitzer says his plan is a way to raise revenue without raising your taxes.
Spitzer wants taxes to be the same for little cigars and cigarettes.
Right now a pack of cigarettes can cost you $5.
But little cigars are only $3.50.
Under Spitzer's plan, they would cost you another $1.50.
But if this bill becomes law, a Local Cigar Shop Owner says he thinks his customers might go shop somewhere else.
"In the long run smokers tobacco users will buy over the internet. They'll go over the border. They'll go to the Indian Reservations. And we're so close to Pennsylvania and the Indian Reservations."-said Terry Smith Co-Owner of Brown's Cigar Store
Spitzer also wants to raise the tax on flavored alcohol drinks, like "Mike's Hard Lemonade".
Right now, they're taxed like beer.
But Spitzer wants them taxed like liquor, which is more expensive.
The proposal needs to be voted on by the legislature before it can become law.
http://www.wetmtv.com/news/local/story.aspx?content_id=783afac9-1305-4f73-b40f-d83b86124421
Reported by: Camille Williams
Paying higher taxes on cigars and flavored alcoholic drinks might end up saving you money.
New York Governor Eliot Spitzer says his plan is a way to raise revenue without raising your taxes.
Spitzer wants taxes to be the same for little cigars and cigarettes.
Right now a pack of cigarettes can cost you $5.
But little cigars are only $3.50.
Under Spitzer's plan, they would cost you another $1.50.
But if this bill becomes law, a Local Cigar Shop Owner says he thinks his customers might go shop somewhere else.
"In the long run smokers tobacco users will buy over the internet. They'll go over the border. They'll go to the Indian Reservations. And we're so close to Pennsylvania and the Indian Reservations."-said Terry Smith Co-Owner of Brown's Cigar Store
Spitzer also wants to raise the tax on flavored alcohol drinks, like "Mike's Hard Lemonade".
Right now, they're taxed like beer.
But Spitzer wants them taxed like liquor, which is more expensive.
The proposal needs to be voted on by the legislature before it can become law.
