Filed under: Altria Group (MO), Politics

Congressional Democrats looking to spend an additional $35 billion on health coverage for children are drawing criticism for the method they’ve selected for funding the program: An increased tax on cigarettes. The program would increase the tax from 39 cents per pack all the way up to $1.

Given that smoking is more common among lower-income Americans, the tax is seen as regressive: Health coverage for children will come out of the pockets of those who can’t afford it.

Continue reading Is it right to raise the tax on cigarettes? You bet!

Read | Permalink | Email this | Comments

Share This

This entry was posted on Tuesday, October 2nd, 2007 at 12:22 am and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.