WASHINGTON – However they satisfy their nicotine cravings, tobacco users are facing a big hit as the single largest federal tobacco tax increase ever takes effect Wednesday.
Tobacco companies and public health advocates, longtime foes in the nicotine battles, are trying to turn the situation to their advantage. The major cigarette makers raised prices a couple of weeks ago, partly to offset any drop in profits once the per-pack tax climbs from 39 cents to $1.01.
Medical groups see a tax increase right in the middle of a recession as a great incentive to help persuade smokers to quit.
Tobacco taxes are soaring to finance a major expansion of health insurance for children. President Barack Obama signed that health initiative soon after taking office.
Other tobacco products, from cigars to pipes and smokeless, will see similarly large tax increases, too. For example, the tax on chewing tobacco will go up from 19.5 cents per pound to 50 cents. The total expected to be raised over the 4 1/2 year-long health insurance expansion is nearly $33 billion.
CURRENTLY I DON'T SMOKE even though I had one about two weeks ago...so I'm not sure how much packs are, but I do know the amount of money that could be generated if pot was legal
is staggering
HOW MUCH TAX REVENUE IS GENERATED FROM THE SALE OF ALCOHOL?
And it would help reduce some of the smuggling problems from the south
POT NEEDS TO BE LEGALIZED
AND
TAXED
and cigarettes should be $10.00 a pack
and BEER should be $5.00 a can....that's still two dollars cheaper than at Dodger Stadium
and by the way......
OPUS ONE should be $1.00 a bottle
Michael Timothy McAlevey
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