The Possible Benefit from Tobacco
... Possible Benefit from Tobacco
As of 2006, revenue from Cigarette taxes amounted to as much as $14,974,713 billion which is a sizeable source of revenue for the economy ( U.S Census Bureau, Vol.4 2008). However, last 2007, the biggest federal tax hike was enacted that caused an uproar from politicians, economist, public policy makers, and the smoking public. The result of the increased tax resulted to a decline in smoking of which public health officials claim as good for the majority of the population. On the contrary, Thomas Briant, executive director of the National Association of Tobacco Outlets asserts that “"using taxes to legislate use of a legal product is not good p...