Here we go again; Representative Henry Waxman of California plans to introduce
legislation that will broaden the authority of the Federal Drug Administration to regulate the tobacco industry, an effort that failed this past summer.
Rep. Waxman is not the only person fired up about this regulation, Senator Kennedy, who chairs the Senate's health committee, plans on introducing a similar
bill later this month.
One goal of this legislation is to reduce teen smoking, but the thing about teen smokers is that they turn into adult smokers – think tax crop instead of cash crop. Right now, the State Children's Health Insurance Program (SCHIP) is largely funded with burdensome tobacco taxes. As the
Heritage Foundation pointed out last summer:
To produce the revenues that Congress needs to fund SCHIP expansion through such a tax would require 22.4 million new smokers by 2017.
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