Getting your Trinity Audio player ready...
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. The major cigarette makers raised prices a couple of weeks ago, partly to offset any drop in profits from the tax increase, the proceeds of which are earmarked for an expansion of health insurance for children. AP
62M-“
The jump in the per-pack tax on cigarettes, from 39 cents to $1.01.
30.5M-“
The tax jump, per pound, on chewing tobacco, from 19.5 cents to 50 cents.
1 in 5
The approximate number of U.S. adults who smoke cigarettes.
