The South Carolina House voted to override the Governor's veto, and raise the state's cigarette tax by more than 700% to 57 cents per pack sending the final decision to the state Senate. The maneuver is touted as a way to reduce smoking, particularly among youth, and as a major new revenue source for the state government. Unfortunately, it cannot do both effectively, and as such, it is more likely to burden the state than aid its struggling finances.
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South Carolina Cigarette Tax Won't Supply…
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The South Carolina House voted to override the Governor's veto, and raise the state's cigarette tax by more than 700% to 57 cents per pack sending the final decision to the state Senate. The maneuver is touted as a way to reduce smoking, particularly among youth, and as a major new revenue source for the state government. Unfortunately, it cannot do both effectively, and as such, it is more likely to burden the state than aid its struggling finances.