Friday, February 10, 2006

Chicago To Have Highest Cigarette Taxes in the Nation

The Chicago Sun-Times reports:
By a 10-7 vote, Cook County Board members voted Thursday to double the county tax on a pack of cigarettes from $1 to $2.

A pack of Marlboro Lights that cost $6.59 at a downtown Walgreens Thursday will be $7.59 next month. The same pack costs $4.45 at a White Hen in the DuPage County city of Elmhurst, and it costs $3.76 at a Hammond, Ind., 7-Eleven.

Commissioners voting against the tax hike said shoppers will increasingly hop borders, hurting Cook County businesses.


With the hike, Chicago will have the highest cigarette taxes in the nation.
Moody's just upgraded Chicago's credit rating.If things were going so well why the highest taxes? Maybe this explains things.