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Obama Proposes 94 Cent Tax on Cigarettes

President Barack Obama’s budget plan would increase taxes by $580 billion over the next decade, but it relies on many proposals that have been repeatedly rejected by Congress.

Cigarette
Flickr user: Fried Dough

Some were rejected as recently as January, when Congress voted to make permanent a series of tax cuts first enacted under President George W. Bush. Among them, a proposal to limit itemized deductions for high-income families.

One new proposal is a 94 cents-a-pack increase in the cigarette tax. The tax would raise an estimated $78 billion over the next decade to pay for early childhood education.

Obama says his tax plan is part of a balanced approach to deficit reduction that includes painful cuts to benefit programs like Social Security and Medicare. Most GOP lawmakers, however, adamantly oppose new taxes.

 

Copyright 2013 The Associated Press.

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