This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Massachusetts Tobacco Tax Increase Is Big Win For Kids And Health

WASHINGTON, June 26, 2013 /PRNewswire-USNewswire/ -- The decision by the Massachusetts legislature to increase the state cigarette tax by $1 per pack and also increase the tax on other tobacco products as part of the transportation bill is a win-win for Massachusetts because it will save lives and increase state revenue.  We look forward to Governor Deval Patrick signing this legislation into law.

(Logo: )

We applaud legislative leaders for siding with kids over the tobacco industry by supporting the tobacco tax increase.  The increase in the state tobacco tax rates makes it more important than ever that Massachusetts increases funding for tobacco prevention and cessation programs. The new cigarette tax increase will motivate more smokers to quit and seek help in doing so. It's unfortunate that none of the new tobacco tax revenue is being allocated to fund programs to prevent kids from smoking and help smokers quit.

We also congratulate Tobacco Free Mass, the coalition that has fought tirelessly to reduce tobacco use and save lives in Massachusetts.

The evidence is clear that increasing the cigarette tax is one of the most effective ways to reduce smoking, especially among kids. Studies show that every 10 percent increase in the price of cigarettes reduces youth smoking by about 6.5 percent and overall cigarette consumption by about 4 percent. Massachusetts can expect the $1 cigarette tax increase will:
  • Prevent more than 27,200 Massachusetts kids from becoming smokers
  • Spur more than 24,900 current adult smokers to quit
  • Save more than 15,500 Massachusetts residents from premature, smoking-caused deaths
  • Save more than $994 million in future health care costs.
  • Raise about $118 million in new revenue.

Tobacco use is the leading preventable cause of death and disease in Massachusetts, claiming 9,000 lives each year and costing the state $3.5 billion annually in health care bills. While Massachusetts has made significant progress in reducing youth smoking, 14 percent of high school students still smoke and 6,700 more kids become regular smokers every year.

With Massachusetts's increase to $3.51 per pack, the average state cigarette tax will be $1.53 per pack. We call on states across the nation to significantly increase the tobacco tax to reduce tobacco use and its devastating health and financial toll.

SOURCE Campaign for Tobacco-Free Kids

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs