Thursday, April 11, 2013

President Obama calls for cigarette tax hike of 94 cents a pack

Photo Credit: Newsday

President's Obama's call for a 94-cent-a-pack hike on federal cigarette taxes to fund early childhood education programs is controversial.

Anti-smoking groups applaud the proposal, but some tax experts and tobacco companies are against it.  

The case for the tax. The tax is being presented as way to fund education and reduce smoking rates. It would raise roughly $78 billion over 10 years.

"The proposed tobacco tax increase would have substantial public health benefits, particularly for young Americans," the president's budget read. "Researchers have found that raising taxes on cigarettes significantly reduces consumption, with especially large effects on youth smoking."


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