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Tobacco related diseases cut short the lives of 100 million people last century, a number expected to surge to 1 billion this century, according to CGD senior fellow Bill Savedoff. Tobacco use has the makings of a staggering epidemic, one taking an increasing toll on low- and middle-income countries. Bill and I discuss the health costs imposed on those countries and tax policies for curbing tobacco usage.
CGD blog posts reflect the views of the authors, drawing on prior research and experience in their areas of expertise. CGD is a nonpartisan, independent organization and does not take institutional positions.
This week, Mayor Michael Bloomberg and former Treasury Secretary Lawrence Summers announced a new Task Force on Fiscal Policy for Health. This is the first time such a high-level group of respected economic and fiscal policy opinion leaders has convened on this issue, creating an opportunity to acknowledge the importance of taxes for promoting health and to take action to save lives.