ECON312 Week 2 Discussion Board Post 2 - Week 2 Discussion Board 2 The 2007 report of the Institute of Medicine Ending the Tobacco Problem concluded

ECON312 Week 2 Discussion Board Post 2 - Week 2 Discussion...

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Week 2 Discussion Board 2 The 2007 report of the Institute of Medicine, Ending the Tobacco Problem, concluded that, “raising tobacco excise taxes is one of the most effective tobacco prevention and control strategies, especially among youths and young adults and have greater public health impact when combined with other evidence-based components of comprehensive tobacco control programs” (p. 28). The “sin” tax on cigarettes has been one variable that has aided the decrease in cigarettes sales, while increasing government revenue, without question. The CDC report, Consumption of Cigarettes and Combustible Tobacco — United States, 2000–2011, stated that, “From 2000 to 2011, total cigarette consumption declined from 435.6 billion to 292.8 billion, a 32.8% decrease” (para 3).The numbers show that like with many addictive consumables, the demand for cigarettes is elastic. However, the CDC report also stated, “total consumption of noncigarette combustible products increased from 15.2 billion cigarette equivalents in 2000 to 33.8 billion in 2011, a 123.1% increase (para 3). Loose pipe tobacco doesn’t get taxed as

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