Martin Feldman of Salomon Smith Barney projects in the year 2003, the Commerce Committee bill, the old bill--but the revised one is the same on the facts--will result in a real price of $4.61 per pack. In nominal terms, this means that cigarettes will cost $5.11 per pack. That is over $50 per carton. Does the Senator remember that testimony?
Discussing projections related to cigarette pricing during a Senate debate.
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