KMIR — Jim Estes, a Cal State San Bernardino professor of finance, is quoted in an article about Proposition 56, a proposal on the November ballot that would impose a $2 tax increase on cigarettes. Such levies, often referred to as a “sin tax,” a tax on harmful substances, meant to discourage use, do work, Estes said.
“There was a study done by the Campaign for Tobacco Free Kids and it showed that for every 10% increase in taxes, it would reduce future growth by 5 percent and existing usage by 3 to 5 percent, so they do work, very effectively,” said Estes.
The article was published Sept. 28, 2016.
Read the complete article, and view an online video report, at “Prop 56: A Look at the Cigarette Tax Hike.”