Nathan Goldman Finds Benefits for Consumers and Sellers in Cigar Tax Cap

Nathan Goldman, assistant professor of accounting, explains the provision in the state Senate tax capping the excise tax on individual cigars to benefit consumers with low prices and sellers becoming more competitive.

“The cap would benefit both cigar sellers and buyers,” said Goldman. “Brick and mortar shops in North Carolina would be more competitive compared with those in South Carolina, for example, Goldman wrote. Cigar smokers would benefit from lower prices.”

Read more on NC Policy Watch.