"Tobacco Settlement" monies aren't taxes per se. But like taxes, tobacco settlement monies are dependent on actual cigarette sales. So vape goods would actually have to be taxed at a higher rate than cigarettes for the total revenue that governments receive to come out the same when people switch from smoking to vaping.But that is Based on tobacco Taxation Revenue Streams remaining Static. Which they Won't.
And US, as well as other Countries, Health Organizations maintaining a position that e-Cigarettes pose a similar risk as Smoking. Which they Haven't.
The Only thing holding back that Slogan is to Level the Books Taxation wise on vaping to Smoking. And if you have followed this, like I know you have, you have seen this leveling Progressing at a Geometrically Constant Rate.
All I can say to government is: Good luck with that. Vaping will be extremely difficult to tax at the kind of rate necessary for it to be revenue-neutral with cigarettes, especially in those jurisdictions that currently have very high tax rates on cigs.