Ahead of US House and Senate negotiations to reconcile their twoversions of new tax legislation, President Bill Clinton has proposed his own plan, which includes a 20-cent per pack increase in the federal cigarette tax.
Revenues generated would be placed in a trust fund for children's health care, public health and other programs, a White House official has said.
The Senate bill, which calls for a similar increase, would raise $15 billion over five years, with $8 billion going to cover uninsured children and the rest to ease a variety of proposed corporate tax rises. The House version calls for no such increase.
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
7 day trial access
Become a subscriber
Or £77 per month
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
Copyright © The Pharma Letter 2025 | Headless Content Management with Blaze