REGRESSIVE VAPING TAX DRAWS CRITICISM FROM THE LEFT, RIGHT, AND SEN. JOE MANCHIN
Later today, House Speaker Nancy Pelosi (D-CA) is expected to hold a vote on the so called Build Back Better (“BBB”) bill, a $1.75 trillion tax and spending plan that President Joe Biden has made passing a top priority.
Heading into the vote, the American Vaping Association is cautioning House Democrats that the excise tax on nicotine products contained within the BBB bill will harm public health and alienate millions of voters heading into the 2022 midterm elections.
The new tax hike proposal came as a surprise to harm reduction advocates. When the Biden White House released their proposed framework for the bill last week, absent from the plan was a scheme previously floated by House Democrats that aimed to raise $96 billion over ten years by dramatically increasing federal exercise taxes on cigarettes and all other tobacco and nicotine products.
Following its introduction in September, the proposal came under fire as a regressive tax that would violate President Biden’s pledge not to raise taxes on American families making less than $400,000 per year. White House press secretary Jen Psaki refused to say whether President Biden supported that element of the plan.
Gregory Conley – American Vaping Association – 2021-11-05.
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