Wednesday, April 1, 2009

Obama Raises Cigarette Tax


Image from source, Raw Story

It will be interesting to see where the line is with cigarette taxes. They raise them to fund government projects. But if they raise them too high, people will be unable to afford them, which means more people will quit. Which means less money for government programs. But it means healthier Americans. It's a dicey question.

Ultimately, it's probably a good thing. Like seat-belt laws, cigarette taxes might be one of those rare cases where the ends justify the means. As a more-than-occasional but less than full-time smoker myself, I know I'm thinking the price is too high now. Maybe just one more pack. . .

[Excerpt]

No joke: stop smoking

The cost of lighting up in the United States skyrocketed Wednesday under a federal tax hike on tobacco to fund new health care coverage to uninsured children.

The federal tax on a pack of cigarettes more than tripled to more than one dollar, from 39 cents, the Treasury Department said. For a 10-pack carton, the tax leapt to 10.06 dollars from 3.90 dollars. . .

Read more at: Raw Story


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