Now that California voters have struck down Proposition 29 — a measure that would have seen a significant rise in tobacco taxes — the price of cigars in the state will remain the same.
The measure would have raised the tax rate from a nearly 32 percent wholesale cost to nearly 55 percent. Still, defeat of the move was a close call, with more than 49 percent of voters in favor of the higher taxes.
Thank goodness for the (albeit small) majority of voters who saw this bill for what it was: just one more attack on smokers. I hope this will be enough to discourage the misguided lawmakers of California from trying to further regulate tobacco.