Smokers, Shareholders Escape Fed’s Try at Taxation-Through-Litigation
Washington, D.C., February 4, 2005—The Competitive Enterprise Institute applauds today’s court ruling against the federal government’s tobacco racketeering suit.
“The federal government’s lawsuit to squeeze $280 billion out of the tobacco industry was nothing more than an effort to milk a politically disfavored industry,” said Sam Kazman, general counsel for the Competitive Enterprise Institute.
“Tobacco may be addictive, but tobacco money is even more addictive,” Kazman observed. “First came the states with the attorney general…
