"A NEW VERSION of the Build Back Better Act that the House Rules Committee released Wednesday was amended to protect tax avoidance schemes used by the ultrawealthy in their estate planning. The updated legislation made up the revenue lost by going light on those billionaires by expanding tobacco taxes to
additional nicotine products, replacing a tax that was highly progressive with one that is highly regressive.
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To make up for the loss, the new bill places an excise tax on “any nicotine (other than nicotine used in currently listed tobacco products or certain products approved by the [Food and Drug Administration]) that has been extracted, concentrated, or synthesized.” The new tax will add either the dollar amount for small cigarettes or $50.33 per 1,810 milligrams of nicotine — whichever is greater. In October 2019, the Joint Committee on Taxation
estimated a similar plan to tax nicotine in vaping would raise just under $10 billion over 10 years."
House Democrats Back Off Targeting Billionaire Tax Schemes and Swap in New Nicotine Levy
A Carveout for the Very Miniscule Few that is made up by the Millions of Average Citizens.
Sounds like Business as Usual in the US Politics. No matter which Party you call your own.