Organizers say there’s another significant side-effect to their initiative—by increasing the tax by 163 percent, they’re projecting a big drop in cigarette consumption, thus saving Idaho $440 million in what they claim would be long-term healthcare costs.
The so-called StopTuititionHikes.com Act, which would require voter approval, would help curb what organizers say is out-of-control student debt. Simply put, they say, the proposed tuition reduction would reduce student average student loan repayment terms by a little more than 9 years by saving students $68.58 million in interest in addition to $62.53 million in principal over the life of the loan (assuming a repayment term of 24 years for current students).
Organizers also point to what they say is poor access to the state’s public universities, calling Idaho’s rate of 45 percent of high school grads going directly to a 4-year or community college “abysmal.”
Idaho’s 57-cent-per-pack is the eighth-lowest cigarette tax rate in the nation. But multiple attempts by the Idaho Legislature have been repeatedly snuffed out in spite of proponents saying the extra funds were desperately need for education or health and welfare funding.