By Steve Brawner, © 2018 by Steve Brawner Communications, Inc.
What do these five numbers mean to you: $795 million; $230 million; $1.15; 0; and 1.5 million?
This year, they might mean a tax increase on cigarettes, both the old-fashioned kind and the e-cigarette kind. Or at least, they might should.
The first two numbers compare what tobacco products cost Arkansas taxpayers through the Medicaid program, $795 million, vs. what tobacco taxes raise, $230 million.
The Arkansas Center for Health Improvement says Medicaid spends $795 million annually to treat tobacco-related illnesses among adults ages 30 to 65. That number doesn’t include older Arkansans, young people, or pregnancy-related health issues.
However, the state’s tobacco taxes only raised about $230 million in 2017. That’s about $565 million less than what Medicaid is spending. Continue reading Taxing cigarettes – both kinds