While there have been several premium cigar manufacturers who have announced price increases announced over the past few weeks, Perdomo Cigars will not be one of them. Company President Nick Perdomo informed Cigar Coop that Perdomo Cigars will not have any price increases at this year’s IPCPR Trade Show. In addition, Perdomo confirmed that he will continue to absorb the SCHIP tax for all pre-predicate date products being showcased at the Trade Show.
As a company, Perdomo has worked hard to keep prices stable. In fact, the company has only had five price increases over the past 23 years. This is particularly impressive considering the company has absorbed the SCHIP tax since it was raised for premium cigars in 2009.
SCHIP stands for State Children’s Health Insurance Program. This program administered by the United States Department of Health and Human Services that provides matching funds to states for health insurance to families with children. The funding to this program is derived primarily tobacco taxes. In 2009, the federal tax was raised to 40 cents of cigar at the time of importation. Shortly after the new tax law was put into effect, Nick Perdomo made a bold move announced that he would absorb the excise tax and not pass the costs to the consumer. Since then, he has continued to absorb these costs.
Thank you Mr. Perdomo for not raising cigar prices. That means I will be buying more of yours since prices will be within my price range.
I have seen what tremendous amounts of time and labor go into the making of your cigars firsthand. I appreciate what are you continuing to do for your customers.
I have experienced firsthand the time and effort you put into your cigars. I appreciate your assistance in making your product more affordable and competitive. Perdomo Cigars will always be my choice for the best smoking experience.
Always a class act. Thank you Nick and the Perdomo family for keeping your cigars affordable and great tasting.
Nick is a class act with a superior product. He is a true artist, craftsman and innovator and it shows in his passion in creating premium cigars for the consumer. I encourage EVERYONE to go on the Perdomo Farm and factory tour in Esteli. You will truly experience what I refer to as “The Perdomo Passion” ! 😉
I second your comment John about factory tour. Don’t forget Flor de Cana is just down the road! Perdomo 12 year is still better than many more expensive cigars I have tried in the past year.