Reynolds American Calls Gov. Perdue’s Tobacco Tax Hike ‘Outrageous’
“It is incomprehensible that the Governor would introduce a tax hike of this magnitude on top of the historic leap in the Federal tax on cigarettes effective April 1,” said
If the Governor’s proposal were to pass, on top of the
“Keep in mind that the majority of U.S. smokers are classified as poor or working poor,” Payne said. “This is a huge tax increase on a segment of the population least able to afford it in today’s economy.”
Reynolds American Inc. (NYSE: RAI) is the parent company of R.J. Reynolds Tobacco Company; Conwood Company, LLC and Santa Fe Natural Tobacco Company, Inc.
- R.J. Reynolds Tobacco Company is the second-largest U.S. tobacco company. The company’s brands include five of the 10 best-selling cigarettes in
the United States: Camel, Kool, Pall Mall, Winston and Doral.
- Conwood Company, LLC is the nation’s second-largest manufacturer of smokeless tobacco products. Its leading brands are Kodiak, Grizzly and
Levi Garrett. Conwood also sells and distributes a variety of tobacco products manufactured by Lane, Limited, including Winchester and Captain Black little cigars, and Bugler roll-your-own tobacco.
- Santa Fe Natural Tobacco Company, Inc. manufactures Natural American Spirit cigarettes and other additive-free tobacco products, and manages and markets other super-premium brands.
Copies of RAI’s news releases, annual reports, SEC filings and other financial materials are available at www.ReynoldsAmerican.com.
SOURCE Reynolds American Inc.