United Liberty
Altria
Smoke Up to Save the Children
Fri, 04/10/2009 - 6:21am | posted by Matt Wittlief
Earlier this year, Congress passed H.R. 2 - the Children’s Health Insurance Program Reauthorization Act of 2009 or CHIPRA (an expansion of S-CHIP). It was signed into law by Obama on February 4 after sailing through both the House (on January 14) and the Senate (on the 29th). According to the Congressional Budget Office (CBO) report on January 13 which analyzed the bill as it was submitted by the House Committee on Energy and Commerce, the legislation will add an average of $6.4B per year (yes, only ten digits!) to the federal budget. This will be offset by excise tax increases on tobacco products.
