Cig tax could mean 1M fewer smokers

March 19, 2009 7:56:36 AM PDT
A big hike in the federal tax on cigarettes takes affect on April 1 .and the result could be 1 million fewer smokers in the US. That's what public health experts are predicting and hoping for. Expansion of a popular public health insurance program for lower income children is being financed by this increase in the federal excise tax on a pack of cigarettes. That increase will be $1.01 per pack, up from the current 39 cents on a $4.35 pack.

Researchers say there is almost unanimous agreement across the scientific community and policymakers that raising the price of cigarettes in whatever fashion has a consistent effect on reducing smoking rates.