CRS REPORT TO CONGRESS: The Cigarette Tax Increase to Finance SCHIP
In order to finance re-authorization of the State Children's Health Insurance Program (SCHIP), congress has been considering a variety of mechanisms which will provide the necessary revenue. The Senate Budget Resolution, S. Con. Res. 21, 110th Congress, proposes to raise the federal cigarette tax to pay for SCHIP re-authorization. The measure makes the increase possible but does not mandate the change nor does it set a level for the increase. The Congressional Research Service (CRS) has recently released a report of their analysis of the proposal along with a report of the current taxes and basic issues surrounding a tax increase.
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