Posts Tagged ‘SCHIP’

Holy Smokes! Price Of Cigarettes Is Going Up Soon

The federal excise tax on a pack of cigarettes may likely be increased by 62 cents to $1.01 a pack if President Obama signs the State Children’s Health Insurance Program(SCHIP) legislation passed by the House today. This will accomplish a couple of things. First, nearly four million more kids can be qualify for the coverage (7 million have it now), and second, the higher cost per pack is going to convince some younger smokers to quit, or not start smoking.

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