Bloomberg on the march again, seeking to increase cigarette prices in New York


NYC Mayor Bloomberg has proposed legislation that would raise the minimum price of a pack of cigarettes in New York to $10.50 per pack (over 50c per cigarette). Not only would this legislation increase the cost of tobacco, but it would prevent the use of coupons on cigarettes, like "two for one" deals ie. buying 2 packs for the price of 1 that is commonly seen in many convenience stores.

This legislation is different than most in that it requires a minimum price of cigarettes. Many states simply have a high tax rate which jacks up their prices, but in this case it would set a specific minimum cost per pack of cigarettes in NYC. It is to be seen whether or not this legislation will pass.