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Perdomo to Reduce Prices

Apr 5, 2010 | By Andrew Nagy
Perdomo to Reduce Prices

Perdomo Cigars has announced it will do something not often seen these days: Lower the price of its premium cigars.

The news comes on the one-year anniversary of when the bill to expand the State Children's Health Care Initiative Program (SCHIP) by increasing the federal excise tax on cigars and cigarettes took effect.

Nick Perdomo Jr., president of Tabacalera Perdomo, said in a letter that the price reduction will affect such popular lines as the Perdomo Lot 23, Grand Cru and the limited edition Perdomo2, released in 2008.

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