Yesterday anyone who bought a pack of smokes found their wallet a little lighter. The federal tax on cigarettes jumped 62 cents, the largest tobacco tax increase in history.
Smoking is proving to be a pricey habit, especially in places like New York City. You can't get your hands on a pack for less than $10.50. Some people spend hundreds a month on cigarettes. That's enough to cut back!
The new tax revenue will be used to expand children's health care. Some poorer smokers argue that the tax hike hits them disproportionately. When it comes to taxing cigarettes, do you think fairness should matter?