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What's Bill Smoking?

Friday, April 21, 2017
The Wall Street Journal...

New York City’s mayor is the black market’s best friend.

Bill de Blasio has a plan to make New York City more lucrative for cigarette smugglers, organized crime and terrorists.

That’s not the way the mayor would put it. But that will be the effect of his new bid to raise the minimum price of cigarettes to $13 a pack from $10.50.

High taxes already make cigarettes legally sold in New York state the most expensive in the nation, and New York City is even more expensive with its own layer of taxes. Not coincidentally, the Empire State has the highest smuggling rate in the country. A January study from the Tax Foundation reports that 55.4% of cigarettes consumed in New York state are from smuggled sources.

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