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Tobacco Tax Threatens 200,000 Jobs in North Carolina

5/27/2025

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Summary

Story summary

The House's "One Big Beautiful Bill" introduces a tobacco tax that could shake North Carolina's economy to its core. By eliminating tobacco from the duty drawback program, it jeopardizes 200,000 jobs and threatens to drain $100 million from the industry each year. President Trump backs Senate amendments, advocating for fair trade and export expansion.

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Story summary

The House's "One Big Beautiful Bill" introduces a tobacco tax that could shake North Carolina's economy to its core. By eliminating tobacco from the duty drawback program, it jeopardizes 200,000 jobs and threatens to drain $100 million from the industry each year. President Trump backs Senate amendments, advocating for fair trade and export expansion.