States Eye E-Cigarettes As Source Of Revenue As Traditional Smoking Rates Fall
Between 2011 and 2014, revenue collected from taxes on traditional cigarettes decreased by nearly $1 billion. While that's a positive sign for the country's public health, states are feeling the loss and turning toward vaping to make up for it.
Bloomberg:
E-Cigarette Tax May Be New Fix As Tobacco Money Goes Up In Smoke
To the average user, everything about e-cigarettes and vaping devices -- the look, the smell, the taste, the satisfaction -- feels as good or better than the traditional match-lit version. But to cash-craving states, there's one important thing missing: taxes. U.S. cigarette smoking rates are falling, and the number of Americans who vape is on the rise. (Edney, 5/19)
Meanwhile, Sen. Ron Johnson, R-Wis., asks the Food and Drug Administration to consider the toll its new e-cigarette regulations will take on jobs —
The Milwaukee Journal-Sentinel:
Johnson Asks FDA If It Considered Job Losses In Issuing E-Cig Regulations
How many businesses will shut down as a result of the FDA's new regulations on electronic cigarettes? U.S. Sen. Ron Johnson (R-Wis.) is asking the U.S. Food and Drug Administration whether the agency considered that question when it devised rules requiring FDA review of e-cigarettes and other products derived from tobacco. (Rutledge, 5/19)
