Is the Senator aware of this comment by CBO in April 1998--and I hope this is in the form of a question that is acceptable to the manager of the bill--about black-market cigarettes: Any legislation that would rapidly raise the price of a product by a third or more would almost certainly spawn a black market as people attempted to evade the high prices. Tobacco is no exception. Is the Senator aware of that?
Discussing the potential consequences of legislation on tobacco prices and black-market activity.
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