Representatives of tobacco companies warned lawmakers on Monday that raising the excise tax on cigarettes would have significant negative effects on tobacco workers and even on government revenues. Blake Dy, vice president of Anglo American Tobacco Corp., told the House Committee on Ways and Means that higher excise taxes brought by the Tax Reform for Acceleration and Inclusion (TRAIN) Act paved the way for more illegally produced cigarettes through black markets. "It cannot be helped but noticed that since the passage of the increased excise taxes, the pertinence of illicit whites has increased," Dy said. "Just last week, we conducted a raid with the Bureau of Internal Revenue...
Keep on reading: Firms sound alarm on raising cigarette taxes again
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