Kentucky's Proposed Cigarette Tax


Friday, January 30, 2009
Kentucky’s Proposed Cigarette Tax
Earlier this month Governor Steve Beshear proposed a seventy cent increase in the tax on cigarettes. His reasoning? Kentucky needs the money, and we have one of the lowest cigarette tax rates in the nation (47th out of 50 as of January 2008). Needless to say, there are groups on both sides of the issue. Some say we need the money and it’s a good way to get it, others say it will cost retailers money and jobs by cutting into sales; another group claims it’s the best thing for our health, and the farmers, still reeling from the changes brought by the tobacco settlement are poised to see demand drop even farther. Tune in on Friday when we explore all sides of the debate over the proposed cigarette tax.

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