Dave Hogan from The Oregonian reported today that:
Reynolds American, the makers of Camel cigarettes, has contributed another $304,000 to the record-setting campaign against Measure 50, which would raise Oregon’s cigarette tax by 85 cents a pack.”
Reynolds, based in Winston-Salem, N.C., has now contributed $4.6 million to the Oregonians Against The Blank Check campaign while Philip Morris, the makers of Marlboros, and its parent company have donated $5.8 million to the Stop The Measure 50 Tax Hike committee.
Those two committees have raised far more money than any other ballot measure campaign in Oregon history.
It looks like Reynolds has a major business problem with measure 50! If fewer people can afford to maintain smoking and fewer children pick up the addiction, tobacco profits will plummet to record lows.
In order to profit, a cigarette company needs to always find replacement smokers since the majority of smokers die before their time.
The CDC says that in 2006 tobacco use was the leading preventable cause of death in the United States and that cigarette smoking causes an estimated 438,000 deaths, or about 1 of every 5 deaths, each year. This estimate includes approximately 38,000 deaths from secondhand smoke exposure.
Click here to learn more The Oregonian .