Tax

House OKs cigarette tax hike

25 May 2012

Chicagoans may have to pay nearly $11 per pack A $1 cigarette tax increase would bring the cost of smokes to nearly $11 a pack in some parts of Chicago if passed in the Senate. The debate unfolded as House members appeared poised to take action as early as Saturday on plans for a revamp of public employee pensions.

California tobacco tax measure risks going up in smoke

25 May 2012

SAN FRANCISCO (Reuters) - Health-conscious Californians may mostly oppose smoking for its costs to public health and the economy but an aggressive tobacco industry campaign and general anti-tax sentiment may block a measure to raise taxes on smokers. Airwaves in the most populous U.S. state are filling up with advertising for and against Proposition 29, a June 5 ballot measure that would add a ...

House Republican leaders plan summer tax cut vote

25 May 2012

The House will vote this summer on continuing wide-ranging tax cuts first enacted under President George W. Bush, House Majority Leader Eric Cantor said Friday as the GOP sharpened its plans for confronting Democrats on one of the election's top issues.