It looks like the tax increase, be it $0.61 or 6% per pack of cigarettes is comming. Pelosi was mentioning that they were going to introduce the State Children's Health Insurance Program increase bill again on NPR this morning.
Quote:
The State Children's Health Insurance Program (SCHIP) is a U.S. federal government program that gives funds to states in order to provide health insurance to families with children. The program was designed to cover uninsured children in families with incomes that are modest but too high to qualify for Medicaid.
The State Children's Health Insurance Program (SCHIP) is a U.S. federal government program that gives funds to states in order to provide health insurance to families with children. The program was designed to cover uninsured children in families with incomes that are modest but too high to qualify for Medicaid.
SCHIP was created in 1997 and initially authorized for 10 years. SCHIP was to expire in September 2007. So, in July 2007, the U.S. Senate and Congress tried to not only reauthorize SCHIP but also expand SCHIP by $35 billion by proposing a 20,000% increase in the federal excise tax on cigars and $0.61 tax increase on pack of cigarettes. After President Bush's first veto, the U.S. Senate and Congress modified the tax increase on cigars to 6,000% but the revised expansion of SCHIP was vetoed again by President Bush.
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