John Williams MD posted on 9/10/2009 8:05:00 PM
But the key here, even if the cig tax goes up, and to prevent the creation of the a broad new revenue stream, e.g., another .3% or .4% on the PIT. The cigarette tax anyway will raise less than anticipated which means that the deficit will reoccur next year--which is good. It is far more likely in the election year, 2010, that spending will be cut than taxes raised.

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