Up in smoke: Will Biden let a patent fight eliminate an alternative to cigarettes?

Date:

Build Back Better agenda depends a lot on smokers and their compulsive habit. 

Smoking generates tax revenue — lots of it.

Part of the theory is that high taxes, restrictions on advertising, research on the deleterious health effects of smoking, and the cultural stigma surrounding smoking will wean Americans off tobacco, but too much success on that front also will dry up big tax revenue.
As part of the package of funding measures, the administration had sought to raise federal taxes on cigarettes by 50 percent and on other tobacco products like dipping tobacco by 1,600 percent. Today, the federal tax on cigarettes is $1.01 per pack while the average state tax is $1.81 per pack. That proposal got dropped — but then the Build Back Better plan went after electronic cigarettes and other nicotine products. Sen. Joe Manchin (D-W.Va.) told Fox News’ Bret Baier that a nicotine tax “doesn’t make any sense to me whatsoever” because it just makes poor people poorer. On top of that, the administration’s plan would tax the products where technology stands a chance of reducing harm, like some e-cigarettes. It’s like taxing windmills instead of coal plants.

Read full article here.

Steve Clemons – The Hill – 2021-11-11

Want More Investigative Content?

Curate RegWatch
Curate RegWatchhttps://regulatorwatch.com
In addition to our original coverage, RegWatch curates top stories on issues and impacts arising from the regulation of economic, social and environmental activity in Canada and the U.S.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

MORE VAPING

Real Threat | Health Minister Unravels Canada’s Tobacco Strategy | RegWatch

Canadian Federal Health Minister Mark Holland is launching a crusade against safer nicotine products, driven by the uncompromising stance of non-profit health groups vehemently...

Vaping Coverage Get it NOW!

Sign Up for Incisive Content!

RegWatch original video is designed to move opinion. Get our videos first and be the first to share.

Your Information will never be shared with any third party