Tobacco tax increase won’t solve OK financial problems - KSWO 7News | Breaking News, Weather and Sports

Tobacco tax increase won’t solve OK financial problems

Cutting down on smoking or quitting completely is often a goal for the new year. (Source KSWO) Cutting down on smoking or quitting completely is often a goal for the new year. (Source KSWO)

OKLAHOMA CITY, OK (KWTV) - A national expert on tobacco tax says Oklahoma’s nearly $900-million budget shortfall, won't be solved by the increase in tobacco tax, though it may help.

Dr. Frank Chaloupka, who works with the World Health Organization (WHO) on the economics of Tobacco control,  says the tobacco tax being considered by Oklahoma lawmakers would fall short of raising the anticipated $200-million.

"In Oklahoma we're estimating $1.50 would generate about $183.9 million, so a little bit lower because I think we see bigger reductions in smoking built into our model," said Chaloupka.

Chaloupka estimates 30,000 Oklahomans will quit smoking due to the tax increase.

Information provided by KWTV.

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