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NYC Independent Budget Office - Inside the Budget No. 152: Higher Cigarette Tax Has Led to More Tax Revenue, More Tax Evasion

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Bloomberg proposed a 50-cent increase in the city's tax on cigarettes. The Mayor argued that raising the price of cigarettes, by increasing taxes, has proven to be a very effective method of reducing smoking.

Agency
Subject
Report type
  • Budget Report
Date published
  • 2007-10-19