Smoke 'em if you got 'em. The cheap ones, that is.
Starting Sunday, June 24, the price of a pack of cigarettes increases as the state tax more than doubles on them, thanks to a measure recently signed by Gov. Pat Quinn. The tax increase, which goes from the long-standing 98 cents a pack to $1.98, will create an estimated $350 million in revenue and hopefully force some state residents to quit the habit, the Chicago Tribune reports.
But this could force state residents to buy their smokes from neighboring states and drop overall cigarette sales by about 20 percent, the Tribune report stated.
Because of the lower tobacco tax rate in Will County, outlets there that sell cigarettes could see more Cook County customers crossing the borders to save money.
YOUR TURN! Are you a smoker? What do you think of the tax increase? Will you cut back on your cigarettes? Or will you find cheaper places out of state to buy them? Take our polls and share your thoughts in our comments section.
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