Imagine a place where every time you bought a pack of cigarettes, you would be funding a college student’s education. In the near future, that place could be California: The California Residents College Accessibility and Affordability Act of 2014 would increase tax by $1 for every pack of 20 cigarettes and the money would be deposited into a fund for financial aid.
The California Residents College Accessibility and Affordability Act of 2014 has a projected revenue of $800 million but there is an estimated loss of $70 million of proceeds that go to existing resources. The taxes on tobacco that already exist go to programs for tobacco education and prevention, tobacco-related disease research, breast cancer screenings for uninsured women and early childhood education. (The [...]