“A new study of the e-cigarette tax in Minnesota has verified the first rule of economics: the more something costs, the less people buy. The study’s authors, mostly National Bureau of Economic Research economists, found Minnesota’s tax levied on e-cigarettes “𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗲𝗱 𝗮𝗱𝘂𝗹𝘁 𝘀𝗺𝗼𝗸𝗶𝗻𝗴 𝗮𝗻𝗱 𝗿𝗲𝗱𝘂𝗰𝗲𝗱 𝘀𝗺𝗼𝗸𝗶𝗻𝗴 𝗰𝗲𝘀𝘀𝗮𝘁𝗶𝗼𝗻 𝗶𝗻 𝗠𝗶𝗻𝗻𝗲𝘀𝗼𝘁𝗮.” Although the findings agree with previous studies, showing that higher taxes successfully reduce vaping, they also find that e-cigarette taxes have re-incentivized the use of conventional cigarettes.”
ARTICLE LINK:
STUDY:
The Impact of E-Cig Taxes on Smoking Rates: Evidence From Minnesota
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