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Philip Morris

Cigarette Taxes: Enough Money to Pay for U.S. Space Program

Date: 03 Apr 1962
Length: 1 page
1003537954
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Type
PRES, PRESS RELEASE
Area
JOHN-WARE,JUDY/SHB FILE ROOM
Site
R22
Request
Stmn/R1-037
Named Organization
General Service Administration
Natl Aeronautics + Space Administra
TI, Tobacco Inst
Tobacco News
Federal Aviation Agency
Recipient (Organization)
TI, Tobacco Inst
Document File
1003537539/1003537961/620000 TI and TIRC Editorial Comments Informational Memorandum Releases
Litigation
Stmn/Produced
Author (Organization)
Hill + Knowlton
Master ID
1003537539/7961

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EXTR, EXTRA
MISS, MISSING PAGES
Date Loaded
24 May 1999
UCSF Legacy ID
zic91a00

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Page 1: zic91a00
EOPt': THE TOBACCO INSTITUTE, INC.. to pay for the U.S. space agency's fiscal 1963 program, with funds left to - buy 40 Atlas missiles, according to Tobacco News, published by The Tbbacco ~' Cigarette taxes last year brought in about $3'.1 billion to all . levels of government in the U.S. -- federal, state and local:. The 1963 budget of the National Aeronautics and Space Administration is $2.96billion. Putting it another way, the annual cigarette tax collection wouldd provide enough money to pay for the 1963 operations of six key government departments: Counerce, Labor, Post Office, State, the Federal Aviation Agency andithe General Services Administration,,says Tobacco News. CIGARETTE TA7CES': ENOUGH MONEY T01PAY FOR U.S. SPACE PROGRAM Washington -- U.S. smokers paid enoughlin cigarette taxes last year Or the same money would buy these items: . Over half of the U.S. military aircraft scheduled for 1963. . 27 Polaris submarines. . About 90 percent of all missiles to be built this fiscal year. . 155,000 new $20,000 homes. On the average,, taxes account for half the price of every pack of' cigarettes sold, says the publication. Tobacco is the most heavily taxed of al]l agricultural products. The first cigarette tax was levied to helpifinance the Civil War.. The last U.S. boost, to 8 cents a package, was for the Korean War, but it has been in effect ever since. - more - 1003537954 . ` r

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