Wednesday, November 18, 2009

AP IMPACT: Tobacco execs quickly find tax loophole (AP)

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Scott Bendett poses at his Habana Premium Cigar Shoppe in Albany, N.Y., Monday, Nov. 16, 2009, with packages of pipe tobacco. After the Obama administration levied a a 2,000 percent tax increase on tobacco this April, roll-your-own tobacco brands like Criss Cross and Farmers Gold came off the shelves almost overnight, replaced by pipe tobacco with the same names, seen above. 'They tried to make a product within the elements of the law that they could, in fact, market as pipe tobacco,' said Bendett. (AP Photo/Mike Groll)AP - When President Barack Obama signed a law expanding children's health insurance this spring, he slapped tobacco companies with huge tax increases to pay for it.


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