Joseph Coletti, John Locke Foundation director of health and fiscal policy studies, explains why the reinstatement of cigarette tax stamps, abandoned in 1993, doesn’t make sense for North Carolina. Coletti offered these comments during an interview for Carolina Journal Radio (Program No. 359).
JLF’s Joseph Coletti pans a proposal to reinstate cigarette tax stamps in North Carolina
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Last week the non-partisan Fiscal Research Division of the North Carolina General Assembly forecast yet another $1 billion+ surplus in anticipated tax revenues for the 2024–2025 fiscal year. That’s on top of the $400+ million in surplus collections for the 2023-2024 fiscal year. The news, the latest in a decade-long run of tax revenue surpluses,...
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