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Furthermore, as excise taxes often target a specific product, they pose a smaller risk to the general economy than increases to general taxes like the income tax or the general sales tax

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The leading cause of preventable death, smoking is a proven risk factor for developing cancer, heart disease, and other diseases and additionally puts people at increased risk for severe illness from COVID-19, the society said in a statement

Honestly, to your point, its a declining revenue source, said Paulsen

The UK bill has passed the House of Commons but it still needs to pass the House of Lords