Thursday, June 14, 2012

Illinois to Raise cigarette taxes by $1-a-pack

The Chicago Tribune reports:
Gov. Pat Quinn is scheduled to sign a package of bills into law Thursday that will slash health care coverage for the poor and hike cigarette taxes by $1-a-pack to help pay for the struggling Medicaid program, his office confirmed late Wednesday.

The $1.6 billion in cuts to the program come amid the state’s ongoing budget problems despite last year’s major income tax increase.