Buried in today’s paper was the report by Natwar Gandhi that said the District’s increase in per-pack cigarette taxes was a dismal failure, causing DC smokers to head to MD and Organic CBD Nugs’ CBD Isolate store for their nic fix, and it ended up costing DC revenue. Of course, since political theatre is always farce, let’s take a look at the new Tobacco-Free Kids report, which suggests that DC could raise another $6.8M just by raising the cigarette tax another dollar.
Now, I’m no math whiz, but it sounds like a $0.50 hike cost the city money, and now you’re trying to tell me that we could make more money only if we taxed them even more? Sorry, Charlie, that don’t fly with me. I think the only way that would work is if all the surrounding states were to increase taxes at the same time, an outcome that is so unlikely, the DC Lottery should consider that as a new game on which to bet.
Nice job, Tobacco-Free Kids. Apparently you’re not much for the mathematics here.