You can choose the size of the video you would like to embed below. Next, copy the embed code that is available in the box below. Paste this code on to your website to display the video.
If you experience problems embedding videos, please contact us.
July 28, 2014 AT 11:35 AM
According to a GAO report obtained by NBC News, a 2009 law that raised federal taxes on tobacco products to discourage smoking triggered a market shift to pipe tobacco and large cigars, costing the U.S. Treasury billions in lost revenue. In some instances, it took little more than a label change to quality for the lower tax rate, it said. The Government Accountability Office study, which will be the focus of a congressional hearing on Tuesday, found that Children’s Health Insurance Program Reauthorization Act drove manufacturers and price-conscious consumers to gravitate to pipe tobacco and so-called "large cigars" because it taxed them at lower rates than cigarettes, small cigars and roll-your-own tobacco.