Hiking Cigarette Taxes and the Federal Deficit

The United States Congressional Budget Office (CBO) has released data demonstrating that raising the federal excise tax on cigarettes by 50 cents per pack (currently $1.01 per pack) would save lives and reduce the federal deficit even though people would live longer on Medicare. This increase would cause 1.4 million adults to quit smoking and save 10,000 lives in the first decade.

PositiveTip: Smoking takes a terrible toll on personal health, driving up health care costs for all.