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Tobacco taxes eyed as funding for children's health plan
Analysts on Capitol Hill expect a Democratic push to boost SCHIP funding by 50 billion over five years with tobacco taxes as the main new revenue source. Trade groups doctors hospitals and insurers back the idea claiming higher tobacco taxes reduce youth smoking and fund health care, while industry opponents warn of higher costs and long term funding gaps.
MENTIONED IN THIS ARTICLE
Washington
Capitol Hill
Ron Pollack
Families USA
Pollack
House
Senate
General Fund
U.S. Treasury
New Jersey
South Carolina
Center For Responsive Politics
Bill Phelps
Philip Morris USA
Phelps
SCHIP
The
American Medical Association
For
Doctors
Treasury
Congress
Congressional Budget Office
Mohit Ghose