New Cigarette Tax Will Kill Before The Cigarette Does
Come wednesday and the biggest ever tax increase on tobacco products takes place. The tax in the US has been increased from 39 cents to $1.01 for cigarettes and from 19.5 cents per pound to 50 cents for chewing tobacco. Dubbed as a public health move one can see through the effort as being the only soul saver in the dwindling economy. The retail sales in other industries have gone down substantially in the last one year and consequently so has the tax collection. Therefore the government has targeted the ever reliable, 'smokin' hot' industry for increasing the tax collections so as to fund the bailouts. Even though the anti-smoking advocates say that increasing the prices of cigarettes reduces consumption, not many people have quit smoking solely because of the price of the cigarettes. If the government was really bothered about the public health they would have shut down the tobacco industry long time back. The fact that they don't says a lot about the motives. Sometim...