The bill would more than triple the federal taxes on premium cigars. Copy. Paste.
The bill includes Sen. Dick Durbin’s Tobacco Tax Equity Language that would dramatically increase the federal taxes paid on cigars. The weight-based tax would more than triple the federal taxes paid for a robustos and could amount to a nearly 500 percent increase on the federal taxes for a 6 x 60.
It’s unclear whether this bill would have any meaningful impact on the cigar business.
The bill would certainly impact websites like halfwheel and cigar magazines, but it also could affect cigar retailers including those that don’t have online storefronts or catalogs.
Sen. Marco Rubio, R-Fla., is once again introducing a bill that would exempt premium and traditional cigars from FDA regulation.
Yesterday, the U.S. Senate Committee on Appropriations approved S. 2599, the 2022 Agriculture Appropriations bill. In it, language is included that would direct the U.S….