E-Cigarette Taxes Keep Smokers Smoking

Date:

The Tobacco Tax Equity Act of 2021 (TTEA) was introduced at the end of April in both Houses of Congress by U.S. Senators Dick Durbin (D-IL). Ron Wyden (D-OR), and Representative Raja Krishnamoorthi (IL-D-08).

If passed, the bill would establish new tax rates on both e-cigarette and tobacco products potentially causing an increase in the smoking rate among American adults.

TTEA would equalize tax rates on all tobacco products including e-cigarettes, which are currently untaxed at the federal level whereas combustible cigarettes are taxed at just over one dollar per pack. TTEA’s proponents claim imposing an equal rate to tobacco products on e-cigarettes “would help reduce youth tobacco use” by increasing the cost of e-cigarettes, making them more unaffordable for young people.  

By equalizing tax rates on tobacco products and vapes, the bill’s proponents also hope to disincentivize smoking in America more generally and improve “public health for generations to come.” The Center for Disease Control (CDC) estimates that 34.1 million American adults currently smoke cigarettes and around 8 million adults use e-cigarettes.

Read full article here.

Derek Hosford – ACI – 2021-06-02.

Want More Investigative Content?

Curate RegWatch
Curate RegWatchhttps://regulatorwatch.com
In addition to our original coverage, RegWatch curates top stories on issues and impacts arising from the regulation of economic, social and environmental activity in Canada and the U.S.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

MORE VAPING

All In (Part 2) | Is Big Tobacco A Threat to...

Is big tobacco a threat to the nicotine vaping industry? This is an old and touchy question for many vaping advocates. Most assume that at some...

Vaping Coverage Get it NOW!

Sign Up for Incisive Content!

RegWatch original video is designed to move opinion. Get our videos first and be the first to share.

Your Information will never be shared with any third party