Our new Marketplace Crash Course is here to help. Sign-up for free, learn at your own pace.
Obama chooses between cigarettes, soda and booze
Share Now on:
This final note today, in which President Obama chooses between cigarettes, soda and booze.
David Leonhardt points out on the New York Times website this afternoon that in the Obama budget, the President prefers taxes on tobacco over those on soft drinks and alcohol. The tax on a pack of smokes would just about double under the president’s plan, to almost $2 a pack. Federal taxes on soda and beer, wine and hard liquor, meanwhile, haven’t budged in 20 years or more.
Pick your sin, I suppose.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.