Marketplace®

Daily business news and economic stories

Obama chooses between cigarettes, soda and booze

In his budget, the president chose to tax one sin more than others.

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.

Related Topics

Collections:

Latest Episodes

View All Shows
  • Marketplace
    10 minutes ago
    26:08
  • Marketplace Morning Report
    7 hours ago
    7:08
  • Marketplace Tech
    13 hours ago
    11:03
  • Make Me Smart
    a day ago
    19:00
  • This Is Uncomfortable
    4 days ago
    56:05
  • Million Bazillion
    25 days ago
    32:45