Daily Archives: February 18, 2010

Altria Presents at the Consumer Analyst Group of New York Conference

RICHMOND, Va., - Altria Group, Inc. (Altria) (MO 19.91, +0.13, +0.66%) is participating in the Consumer Analyst Group of New YorkAltria (CAGNY) conference in Boca Raton, Florida today. The presentation will be webcast live at www.altria.com in a listen-only mode, beginning at approximately 9:15 a.m. Eastern Time.

Gregoire proposes new taxes on soda, water, candy

OLYMPIA — Saying she’s shown the Legislature “the way to go home,” Gov. Chris Gregoire on Wednesday proposed raising $605 million through new taxes and by ending existing tax exemptions and credits.

Cigarette Taxes: Where There’s Smoke, There’s Money

A new study by a national anti-smoking group argues that states could raise more than $9 billion in new revenues if they all hiked cigarette taxes by $1-a-pack. The levy wouldn’t come close to balancing recession-ruined state budgets, but it wouldn’t hurt. And, the group says, the higher tax would keep 2.3 million kids from becoming smokers and convince 1.2 million adults to quit, saving one million lives and $52 billion in health costs over the long-run. The study comes from the Campaign for Tobacco-Free Kids.

Lawmakers eye tobacco tax hike

Public health advocates and some Maine lawmakers are supporting a proposed $1 state tax increase on a pack of cigarettes. The measure is being promoted as a way to reverse a recent spike in youth smoking in Maine and as a source of much-needed revenues for the state budget. But the proposed tax, estimated to generate about $26.6 million annually, faces opposition from Republican legislators, the tobacco industry and Gov. John Baldacci.