money

Cigarette Tax fails to pass committee, BP Money fund

Aug 4, 2015

A legislative committee has voted down a proposed hike in Alabama's cigarette tax.  The votes kills a major proposal for filling a shortfall in the state's operating budget.

The Ways and Means General Fund Committee narrowly rejected the cigarette tax increase by an 8-7 today.

The bill would have boosted cigarette taxes by 25 cents per pack.

The increase would raise $66 million in revenue. The state general fund is facing a shortfall of $200 million for the fiscal year that begins Oct. 1.

Romney Outraises Obama In May

Jun 22, 2012

Transcript

RENEE MONTAGNE, HOST:

And with no primary opponent to worry about, President Obama's campaign had nearly a full year's head start for fundraising over Republican challenger Mitt Romney. But as NPR's S.V. Date reports, the president's advantage is rapidly disappearing.