As previously posted, President Bush has vetoed the Children’s Health Insurance Program (SCHIP) bill that would levy 61 cents additional tax per pack of cigarettes. Columnist Norman Kjono walks us through some interesting features about the bill as vetoed.
One unexpected turn of events is that the bill includes a tax deposit provision for corporations with assets of $1billion or more that will save them considerable sums. Here come Democrats mandating more revenue from persons who smoke to “Save the Children,” while handing out financial perks to $1 billion-plus corporations. Nothing new in that, they’ve been doing that for pharmaceuticals for years. This column also includes a review with links about how individual citizens can and should communicate with their congressional representatives to sustain the president’s veto of SCHIP. Click link below for full article.