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Cigarette Tax Increase

Updated: Thursday, April 11 2013, 08:57 PM EDT
Smoking could get more expensive if President Obama has his way. A controversial new budget proposal would raise the federal tax on cigarettes by 94 cents per pack. That would almost double what smokers are paying now. The move is being applauded by some anti-smoking groups, but not sitting well with tax experts and tobacco companies.

If the federal tax hike is enacted, it's estimated to raise $78 billion over 10 years. The president's budget says research shows the higher the cost of cigarettes, the less likely people are to start. However, some smokers tell News 13 if you're already hooked, it's going to take more then paying an extra buck to quit.

According to the CDC, $193 billion is spent on smoking related costs per year. That money is spent in both direct medical payments and lost productivity. According to anti-smoking groups, a similar tax hike passed in 2009 caused cigarettes sales dropped by 10%.

By Emma Wright
Follow Emma on Twitter @wright_emma
Cigarette Tax Increase


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