Cap-and-Trade Program Would Significantly Reduce Tobacco Use (Sen. Mike Enzi)

Today, I introduced legislation that would wipe out tobacco use in America through an innovative cap-and-trade program that will shrink the size of the tobacco market over the next 20 years.
Tobacco kills.  We need new ideas to get people to stop smoking, or better yet, never to start. That’s what my legislation does.  My bill contains a novel cap-and-trade program that will guarantee that fewer people suffer the deadly consequences of smoking, while providing flexibility in how those reductions are achieved.

Cap-and-trade programs have a proven track record in the environmental arena, particularly in addressing acid rain.  My tobacco plan is based on the successful program in the Clean Air Act Amendments of 1990.  This system achieved the desired results faster and at lower cost than had been anticipated.  The same can be done for tobacco.

The cap-and-trade program will reduce the adverse health effects of tobacco use through reductions in the size of the US tobacco market to fewer than 2 percent of the population over 20 years.   Tobacco manufacturers would be required to meet specific user level limits by specified deadlines and the plan would set up a market share allocation and transfer system in which allowances could be used, banked, traded, or sold freely on the open market.

The “Help End Addiction to Lethal Tobacco Habits Act