Tobacco tax increase expected to reduce smoking
For the estimated 20% of Americans who smoke cigarettes, the impact of a federal excise tax increase that takes effect Wednesday is already being felt.
Earlier this month the manufacturer of Marlboro, Parliament and Virginia Slims, Philip Morris USA, increased prices by 71 cents a pack, 9 cents more than the federal tax increase. The maker of Camel, Kool and Salem cigarettes, R.J. Reynolds Tobacco, bumped wholesale prices up by 44 cents a pack and reduced discounting.
The revenue from the tax increase, which will be used to expand coverage under the State Children’s Health Insurance Program to an additional 4 million low-income children, was signed into law in February.
We’ll spare you the lecture. (Seriously, though. Stamp out that butt and flush the pack, already.) Tobacco use, namely cigarette smoking, is the chief cause of preventable death in the United States. Left unbridled, smoking could kill more than a billion people this century, according to the World Health Organization. That equals the number who would die if a Titanic sank every 24 minutes for the next 100 years, as former U.S. Surgeon General C. Everett Koop so starkly put it at a March press conference.
Kentucky Attorney General Jack Conway Wednesday announced that he has joined with 46 other attorneys general in an agreement with Shell Oil Products U.S. and its joint venture Motiva Enterprises LLC to reduce sales of cigarettes to minors.
Tobacco firms spend $1M a day sponsoring campus events, giveaways, lung association says.