The proposed 96 billion dollar tobacco tax increase as a part of the Build Back Better Act was passed by the House Ways & Means Committee as introduced.
The proposal has now moved to the House Budget Committee, where they are waiting on negotiations between House and Senate leadership and the White House before the legislative process proceeds.
Once the legislation clears the Budget Committee, the bill will transit to the House Rules Committee, which would be the last stop before consideration of the bill by the full House.
The proposed budget stands to implement significant tax increases of up to 1000% on premium cigars.
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