Posted by 20 October 2020
The price of cigarettes and vaping products could be going up in Colorado.
If voters approve Proposition EE, the state government will increase the tax on tobacco products every year until 2027 and impose a new tax on e-cigarette products. The revenue generated would be dedicated to a variety of state funds dealing with health and education.
Under Proposition EE, the state's cigarette tax would increase from its current 84 cents-per-pack to $2.64 per-pack by 2027. The tax rate on tobacco products such as cigars and chewing tobacco would increase form 40% to 62%. Currently nicotine products such as e-cigarettes and vaping supplies are not taxed. Under Proposition EE, they would begin to be taxed at a rate of 30%, which would rise to 62% by 2027. A variety of state programs would share in revenue from this tax increase, including the preschool fund, the rural schools fund, and the tobacco tax cash fund.
Backers of this measure contend that Colorado's tobacco tax is below the national average. They argue that it needs to increase in order to discourage smoking and provide revenue for important government programs. Opponents say this tax will hurt Colorado businesses. They also note that imposing the same tax on non-tobacco nicotine products, such as e-cigarettes, will discourage people from switching to them from more dangerous tobacco products.
Do you think that tobacco taxes should be increased? Should nicotine products like e-cigarettes be taxed the same as tobacco products?