Chicago Approves Nation's Highest Cigarette Tax
Mayor Rahm Emanuel had originally proposed a 75-cent tax hike but compromised on the lower rate amid concerns that customers would resort to the black market if cigarettes became so expensive.
With the new tax, a pack of cigarettes in Chicago carries $7.17 in federal, state and local taxes. Those taxes in New York City, for comparison, amount to $6.86.
A spokesman from the mayor’s office confirmed...
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