A bill to amend the Internal Revenue Code of 1954 to increase the excise tax on cigarettes to 28 cents a pack and to provide an inflation adjustment for such rate.

Amends the Internal Revenue Code to increase the excise tax on small cigarettes from $4 to $14 per thousand. Increases the excise tax on large cigarettes from $8.40 per thousand to $22.40 per thousand. Provides for an annual inflation adjustment for such tax based on the Consumer Price Index.