Higher tobacco and vaping taxes offsets drug plan spending in federal budget
- The government plans to increase excise taxes on cigarettes and vaping products, expecting to generate $1.36 billion and $310 million respectively over five years.
- These tax increases are often passed on to consumers through higher prices, aiming to encourage smokers to quit.
- The tax on cigarettes will rise by $4, in addition to the automatic inflation increase of $1.49, starting Wednesday.
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Leaning Left5Leaning Right2Center5Last Updated15 days agoBias Distribution42% Left, 42% Center
Bias Distribution
- 42% of the sources lean Left, 42% of the sources are Center
42% Left
L 42%
C 41%
R 17%
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